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BDO advises Nabtesco Automotive on the sale of Nabtesco ITG

06 October 2020

BDO advised Nabtesco Automotive Corporation on the sale of its subsidiary Nabtesco ITG GmbH located in Saxony, Germany. With Callista Private Equity a highly reputable and experienced buyer has been found. The manufacturing of crankshafts for commercial vehicle air compressors and industrial cooling applications at the plant in Chemnitz as well as the assembly of commercial vehicle air compressors and related comprehensive R&D services in Zschopau will be continued under Callista Private Equity’s ownership.

An interdisciplinary BDO team led by Hans-Jürgen Rondorff (Partner BDO Corporate Finance/M&A, Frankfurt) and Oliver Bach (BDO Corporate Finance/M&A, Frankfurt) advised Nabtesco Automotive Corporation (“NAM”), a subsidiary of stock-listed Nabtesco Corporation with headquarters in Tokyo/Japan, on the disposal of all shares in its subsidiary Nabtesco ITG (“NITG”) to Callista Private Equity (“Callista”).

For nearly 30 years, NITG has been manufacturing crankshafts for commercial vehicle air compressors and industrial cooling applications at its Chemnitz plant. Since the early 2000s NITG is also engaged in the assembly of air compressors for commercial vehicles at its Zschopau site. Within the last years, under the ownership of NAM, NITG established a dedicated R&D department focussing on the development of next generation air compressors for electrical commercial vehicles.

Callista, a leading German private equity company, will take over the company with its highly skilled workforce. Under the new ownership of Callista, NITG will be rebranded. Increased sales activities will lead to new clients from currently served industries. Moreover, new promising sectors such as medical technology as well as construction and land machines shall be targeted. NAM will remain as cooperation partner for the development of air compressors.

Daisuke Numata, Head of Nabtesco Europe

“With great pleasure I personally would like to thank BDO M&A for the exceptional advice and strong support throughout the entire transaction process. In the M&A lead advisory role, BDO was always ahead of the process by anticipating key topics. The M&A team is clearly solution driven, combined with the right “get it done” mentality. Looking back, I sense that the established high momentum in the process and a competitive process environment were key success factors for us. Moreover, I personally appreciated BDO M&A’s excellent ability to liaise and cooperate with our in-house experts and management teams in Germany as well as our Headquarters in Tokyo.”

BDO’s responsibilities and respective key individuals comprise: M&A Lead Advisory (Hans-Jürgen Rondorff, Oliver Bach, Matthias Albert), Financial Vendor Assistance (Christian Götz), Tax Advisory (Dr Henrik Meyer, Daniela Lechler), M&A Legal (Dr. Daniel Wied).  BDO’s M&A team managed a structured international investor approach via BDO’s global corporate finance platform comprising of 100+ countries around the globe.

With 2,500 corporate finance specialists, BDO Global Corporate Finance is one of the largest and most active corporate finance networks in the world. In 2019, 1,530 transactions were completed worldwide. According to mergermarket, BDO occupies a top 4 position in the global accountant league table.

 

Advisors to Nabtesco Automotive Corporation

BDO Corporate Finance/M&A, Frankfurt

Hans-Jürgen Rondorff (Lead, Partner)

Oliver Bach

Matthias Albert

 

BDO Corporate Finance/Transaction Services

Christian Götz (Partner)

Feilicia Tan

 

BDO Legal

Dr. Daniel Wied (Partner, M&A Legal)

Jessica Hofbauer (Associate, M&A Legal)

Dr. Franziska Huegel-Spohnheimer (Partnerin, Arbeitsrecht)

Danny Sassek (Associate, Arbeitsrecht)

 

BDO Tax

Dr. Henrik Meyer (Partner)

Daniela Lechler