Portfolio company news

All Group media enquiries should be directed to
Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
Warwick Court
Paternoster Square
London EC4M 7AG

 

Tel: +44 (0)20 7661 3325
Mob: +44 (0)7802 961 902
Email: Vanessa Maydon

Press releases

JOST
31 July 2017

Cinven completes Private Placement of JOST

Cinven announces the Private Placement of JOST Werke AG ('JOST' or 'the Group') on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on 19 July 2017. The Private Placement was priced at €27 per share and has traded strongly in the after-market. Cinven’s Fourth Fund continues to hold a nominal stake in the business. 

JOST is a global manufacturer of systems, modules and components for connecting trucks and trailers. Cinven invested in the business in August 2008 and led the business through the final crisis and global industry downturn, helping to reposition the company for growth, improving operating processes and expanding the business internationally. During Cinven’s investment, JOST completed two acquisitions (Edbro and Mercedes-Benz TrailerAxleSystems) which resulted in the expansion of JOST’s portfolio of products and systems. 

Cinven currently has four portfolio companies headquartered in Germany and over the past year has effectively exited two investments, headquartered or with significant operations in the region. The team benefits from strong relationships with important stakeholders, including unions and works councils. Cinven has also established trusted relationships with regulators such as BaFin and FMA.