MP Corporate Finance acted as the exclusive financial advisor to Mr. Karl-Heinz Fastner in the sale of Fastner Group, a leading player in lightweight construction for luxury and sports car components, to AGR, the German subsidiary of Saint Jean Industries, France
Fastner Group (www.fastner.de) is a leading German automotive player in the
lightweight construction for luxury and sports car components. The company
specializes in machining of aluminium profiles and assembly of complex structural
components for car body shells, as well as casting components for automotive and
several other industries. Fastner is headquartered in Ilsfeld-Auenstein, Germany.
Saint Jean Industries (www.st-ji.com) is a family-owned international group based in
France. The company’s core business is the development and manufacturing of high
integrity/critical safety components and sub-assemblies for the automotive, truck,
motorcycle, industrial and aeronautical industries.
MP Corporate Finance undertook a strategic review of the shareholder’s exit options
considering both trade and private equity exit options. The transaction team
supported Mr. Fastner throughout the entire process, including investor selection,
extensive documentation and due diligence work as well as investor management
and commercial lead in SPA negotiations. MP Corporate Finance executed a tailored
M&A process based on deep industry knowledge and extensive transaction
experience in the global automotive industry.
Through the acquisition of Fastner, Saint Jean Industries expects to realize significant
technical and commercial synergies, due to highly complementary product and
customer portfolios. Fastner, on the other hand will benefit from the international
footprint as well as the leading technological positioning of St. Jean Industries.