Nordic Capital Funds VI and VII have agreed to divest Brink Group B.V., a leading manufacturer of towbars, to H2 Equity Partners Fund IV. The transaction is subject to customary regulatory approvals.

Brink is one of the global market leaders in towing systems with approximately 600 employees in seven countries and five manufacturing locations in the Netherlands, France, UK and South Africa. Brink Group was established as the result of a spin-off of the towbar division from Thule Group in September 2014.

Nordic Capital is a leader in private equity investments in the Nordic region. Nordic Capital Funds VI and VII’s ownership in the Brink Group is related to Nordic Capital’s previous engagement in Thule Group.

Nordic Capital was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Peter Linderoth, primarily assisted by Richard Carrick, Klara Holm, Anette Andersson and Aleksander Ivarsson. Zoran Stambolovski and Carl Johan Jennekvist advised on financing issues.