Bain  Capital  Private  Equity  sold  FTE  automotive,  a  leading  producer  of  clutches  and brakes  headquartered  in  Ebern  (Unterfranken,  Germany),  to  the  French  automotive supplier  Valeo.  FTE  automotive  is  represented  in  eight  countries  (including  Germany, Czech Republic, Slovakia, Mexico, Brazil, and China) and generated a turnover of €500 million with 3,700 employees last year. Valeo paid a purchase price of €819 million for FTE. The transaction is subject to the approval of the European and Brazilian anti-trust authorities and is expected to close in the fourth quarter of 2016 or in the first quarter of 2017.

Bain  Capital  Private  Equity  (www.baincapitalprivateequity.com)  is  one  of  the  world’s leading private equity firms headquartered in Boston. Bain Capital bought FTE from PAI Partners in 2013.

Hengeler Mueller advises Bain Capital Private Equity on this transaction. The team includes partners Hans-Jörg Ziegenhain, Daniel Wiegand (both M&A, Munich), Thorsten
Mäger (Antitrust) and counsel Patrick H. Wilkening (IT/IP) (both Duesseldorf), as well as associates Bernd Dreier, Benedikt C. Laeufer, Achim Spengler (all M&A, Munich), Peter Wehner (Employment, Frankfurt), Sarah Milde (Antitrust), Martin Radtke (Public Law) and Matthias Rothkopf (IT/IP) (all Duesseldorf). A team including Hans-Jörg Ziegenhain and Daniel Wiegand advised Bain Capital on the acquisition of FTE automotive in 2013.