Prevent Glass has been acquired by ICI International Corporate Inv.
Prevent Group, based in Germany, has sold its subsidiary, Prevent Glass, to ICI International Corporate Investments for an undisclosed consideration.
Prevent Glass manufactures sidelites and backlites for vehicles. The company's main customer is the Volkswagen Group (with nearly all its brands) followed by Volvo and others (via Tier 1 suppliers).
ICI International Corporate Investments is a privately held investment company headquartered in Germany.
Prevent Group was founded in 1952 as the municipal saddlery of Slovenj Gradic (Slovenia). The group has diversified its product portfolio, which today encompasses seat covers as well as steel frames for the automotive industry. Prevent Group decided to sell its glass manufacturer subsidiary, since it was not considered a core business, to an investor who would be able to increase its potential.
Oaklins' team in Germany advised the seller throughout the sale process.
Talk to the deal team
Related deals
Subaru of Jacksonville has been acquired by Shottenkirk Automotive Group
Subaru of Jacksonville (SOJAX) has been successfully acquired by Shottenkirk Automotive Group. The acquisition marks the group’s entry into both the Subaru brand and the Jacksonville market, establishing a presence in Florida while honoring the Porter family’s long-standing legacy and retaining the existing team at SOJAX.
Learn morePlain Vanilla Investments has sold its portfolio company Euphoria Mobility to Sofindev
Sofindev has reached an agreement with the shareholders of Euphoria Mobility, including private equity firm Plain Vanilla Investments, to acquire a majority stake in the company. This strategic partnership will enable Euphoria to accelerate its European expansion, reinforce its presence in the Benelux region and further enhance its product offering.
Learn moreMain Capital Partners has acquired a majority stake in CarWise and AutoDisk
CarWise and AutoDisk (together referred to as CarWise), leading providers of integrated front-, mid- and back-office ERP software for the leasing and car rental sector in the Benelux, have sold a majority stake to Main Capital Partners, a prominent European software investor.
Learn more