Saxony-Anhalt-based IFA-Group is Europe’s largest automotive supplier for joints and cardan shafts. Now, the group got acquired by Munich-based private equity family office Aequita.
IFA got in trouble after expansion
IFA-Group was founded in 1959 as automotive supplier for Eastern Germany. Lately, the company realized revenues in excess of €500M. IFA is one of the market leaders for shafts and steering elements. It has offices and production facilities in several countries and more than 2,600 employees. However, since 2019 IFA undergoes a restructuring process, since the company expanded too quickly. The new family office owner plans to invest in e-mobility and stabilize the business.
Aequita family office as active private equity investor on the German automotive market
Now, IFA-Group has been acquired by Munich private equity-focused family office Aequita. Aequita is especially active on the German automotive market: last month, Mercedes-Benz sold its minibus factory in Dortmund to Aequita. The year before, Aequita purchased steering system supplier Willi Elbe. The price that Aequita paid for IFA remains undisclosed. These three transactions show that Aequita is a serious player in Germany’s automotive private equity market – and a potential buyer for firms coming on the market soon.
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