Alantra advises Nucap Industries on the sale of its European and Asian business to Artá Capital

Jun 2020

Sell-side advisory

Value +€100 million

Madrid – Alantra, the leading global mid-market investment bank firm, has advised Nucap Industries, the Canadian producer of braking system components, on the divestment of its subsidaries Nucap Europe and Nucap China to Artá Capital, a Spanish mid-market private equity firm sponsored by the financial and investment group of the March family.

The divestment of Nucap China is part of a wider transaction signed and closed last year involving the divestment of all international activities of Nucap Industries to Artá Capital, which invested more than €100 Mn in the deal. This included Nucap Europe, subsequently rebranded as Nuadi.

Nucap China is the fast-growing Asian division of Nucap Industries. With manufacturing facilities in Shanghai, the company serves both as a manufacturing buffer for the Group and for the booming domestic market in China and Asia.

The acquisition of Nucap China will allow Nuadi, a leading industrial company based in Pamplona with more than 30 years’ experience in brake component manufacturing for the aftermarket and vehicle manufacturing with c.20% of the back plates market share and c.25% of the anti-noise shims market in Europe, to serve the large and growing Asian market and accelerate its expansion and internationalization.

Despite the COVID-19 situation, the closing of the divestment of Nucap China shows Alantra’s deep expertise advising cross-border transactions on international sell-side processes and its ability to close transactions on agreed terms and conditions with such challenging market conditions.