Mutares has exited automotive supplier Cimos in a management buyout backed by Vero Automotive, according to PE Hub.
Cimos produces aluminum and iron castings and machined components for the automotive industry, according to PE Hub.
Deal overview
The transaction is described as a management buyout backed by Vero Automotive, according to PE Hub.
PE Hub identified the seller as Mutares and the company as Cimos.
Company profile
Cimos is a producer of aluminum and iron castings and machined components for the automotive industry, according to PE Hub.
Cimos employs about 1,350 people, according to PE Hub.
Cimos generates revenues of approximately €120 million, according to PE Hub.
Geographic footprint
Cimos generates revenues of approximately €120 million across four countries, according to PE Hub.
Context
Management buyouts are widely known transactions in which a company’s management team acquires the business.
The PE Hub report is categorized under Europe and Industrial/Manufacturing, according to PE Hub.
