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Nordwind Capital earns €133m from exit of car parts make SHW

5 Nov 2013

German private equity firm Nordwind Capital has earned €132.6m from the sale of its stake in listed car parts supplier SHW, Reuters has reported.

The firm, which focuses on German-speaking Europe, sold its 58.3 per cent stake in SHW through a market placement, with 3.4 million shares selling at €39 each

SHW was Nordwind Capital’s first investment, acquiring the company in September 2005 from Man Group and the German State of Baden-Württemberg. The company develops, manufactures, assembles, and distributes hydraulic pumps, powder metallurgy and brake discs with a turnover of €246m.

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