Oak Hill said that it has bought Druckguss Heidenau, Druckguss Hof and Zerspanungs-und Industrie-technik Dohna, which filed for insolvency in 2012, out of administration via DGH Group, a newly formed entity.
The company currently operates two manufacturing facilities located in Dohna and Hof, Germany. Its customers include Audi, VW, BMW, Getrag, Getrag Ford Transmissions, and Mann+Humme.
Oak Hill partner Jeffrey Kirt said, “We are very excited about the potential of the DGH-Group assets and delighted to be partnering with OHorizons Global.
“It is our hope that this will be the first of multiple acquisitions we will be making with OHorizons Global in the European automotive industry.”
Recent private equity deals in Germany included Saints Capital’s acquisition of 20 separate assets from Munich-based venture and growth equity firm Star Ventures Funds.
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