RCP acquires Steel Automotive in a carve-out transaction from Adient Group

Munich (Germany), June 1st, 2023 – Funds exclusively advised by RCP acquire Steel Automotive from Adient Group in a complex carve-out transaction. Steel Automotive is a market leader in the development and production of innovative, high-precision stamped and formed metal parts, serving renowned blue-chip customers worldwide. Its comprehensive product portfolio and fully integrated value chain provides a one-stop-shop for customers, from product development and prototyping, toolmaking, up to serial production. Long-term customer relationships reflect the company’s reliability and technological capabilities. RCP will support Steel Automotive’s management in its quest to further diversify and expand its customer portfolio and to create growth opportunities in transforming markets.

"Adient and Steel Automotive have enjoyed a very trusting and professional collaboration for many years. We are convinced that with RCP we have found the right partner for the dynamic further development of Steel Automotive and its workforce. We are already looking forward to continuing and developing this good relationship," says Daniel Schleicher, Executive Director Finance EMEA Operations from Adient Group.

"RCP is a partner of choice for corporates in complex mid-market carve-out situations. Steel Automotive fits very well into our automotive strategy. Given the transformational environment of the automotive sector, we expect to make further investments this year. Steel Automotive delivers a great platform to build on.” says Ulrich Radlmayr, Founder and Managing Partner of RCP.

About RCP

Based in Munich, Germany, RCP is an independent and internationally operating private equity firm for alternative investments across industries in Europe. RCP’s investment focus is on special situations, in particular complex corporate carve-outs. For further information: www.rcp-invest.com

About Adient

ADIENT plc, headquartered in Dublin, Ireland, is a listed leading global Tier-1 supplier of automotive seating solutions. ADIENT Group employs more than 70,000 people in over 200 plants in 30 countries and generated revenues of more than USD 14 billion in FY 2022. The product and service portfolio ranges from individual components to complete seating systems for all vehicle classes of all major and internationally operating automotive manufacturers. For further information: www.adient.com 

About Steel Automotive

Steel Automotive, based in Großbottwar, Germany, offers a comprehensive range of services, from feasibility studies and design to realization and assembly of complete system solutions in the fields of stamping, forming technology, and toolmaking. Steel Automotive can look back on a history of over 100 years and currently employs around 200 people. Steel Automotive is development and solution partner for efficient forming, stamping, and joining technology for leading companies in the automotive, mechanical engineering, and technology sectors. For further information: www.steel-automotive.de

For further information

RCP Portfolio Management & Transaction Services
Branch of RCP Group GmbH
Hackenstrasse 5a
80331 Munich
Germany
info@rcp-invest.com