Brabant Alucast International B.V. (“BAI”) is a leading specialist in the design, development and production of high-pressure die-cast aluminium and magnesium components for the automotive industry. The company supplies parts to practically all the major automotive brands worldwide.
BAI is headquartered at its largest production facility in Oss (Netherlands) and operates from a further three locations in Heijen (Netherlands), Verres (Italy) and Wendlingen (Germany). The acquisition completed in February 2016, being another direct investment outside of the UK from Endless Fund IV, and secured long term funding for the business.
In the months following our investment a number of profit improvement initiatives were undertaken, which included exiting loss making contracts, driving efficiency gains, reducing operational costs and providing significant further investment to enable ramp-up for four recently won contracts. A non-core site in Strakonice (Czech Republic) was sold in October 2016 to enable the business to focus on its core activity of manufacturing lightweight structural parts. The result of these actions has been an improvement in EBITDA in excess of €20 million within two years.
Jamie Brundell, CEO at BAI commented: "BAI is a radically different proposition to that Endless invested in February 2016. The business has a strong position in the European lightweight casting market and a customer base to be very proud of. We believe that with the investment and support from Endless, together with the hard work of the management team in recent months, BAI has an exciting future as customers look to further reduce the weight of vehicle components.”
Key person for this case study
Francesco joined Endless at start of 2013 and is currently a Partner in the Investment Team and a member of Endless LLP. Francesco leads our London Office and investment activity in the South East. Since joining the firm Francesco has been involved with numerous transactions including Gradus, The Book People, Ink Media, Brabant Alucast, Arran Aromatics, and Affinity Workforce. He has also led a number of secondary debt acquisitions and realisations.