PAI sells clutch maker FTE to Bain

PAI Partners has sold hydraulic clutch systems maker FTE automotive to Bain Capital. The terms of the transaction were not disclosed. Morgan Stanley and Macquarie Group acted as financial advisers to Bain.

  • 14 May 2013

FTE had sales of €430m in 2012. The company develops, manufactures and sells tailored and integrated hydraulic and electro-hydraulic systems for cars and commercial vehicles.

The company is headquartered in Germany and has manufacturing sites in Germany, the Czech Republic, Slovakia, the US, Mexico, Brazil and China.

French PAI ...

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