PPM Capital announces acquisition of BST Safety Textiles
05 Jul '05
2 min read
Dr. Sebastian Kern, Managing Director of PPM Capital GmbH, commented “The acquisition of BST represents an excellent opportunity for PPM to invest into the growing market segment of occupant safety systems. We look forward to working with a successful management team who we can further support in expanding the business globally, especially in the US and Asia, thereby further strengthening its worldwide market leading position.”
This investment is another example of PPM's desire to invest in global businesses, following the recent acquisitions of Jost Group, Pharmacia Diagnostics, Sterigenics and TMF Group. The deal team led by Dr. Sebastian Kern and Thessa von Hülsen, comprised executives from our Munich and Chicago offices.
Debt facilities are provided by Deutsche Bank AG and the existing management team will be investing alongside PPM.
PPM was advised by PriceWaterhouseCoopers (Financial, Tax, Operations, Corporate Finance), Skadden Arps (Legal, Banking), CVA (Strategy), Willis (Insurance) and Environ (Environmental).
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
