Houlihan Lokey Advises TowerBrook Capital Partners and Bridgepoint

Houlihan Lokey is pleased to announce that ACPS Automotive (ACPS), a portfolio company of TowerBrook Capital Partners (TowerBrook) and Bridgepoint, has completed a successful debt refinancing. Houlihan Lokey served as the exclusive financing advisor on the transaction, which closed on 3 April 2024.

ACPS Automotive is a manufacturer of tow bars for original equipment manufacturers, also engaging in retrofit sales to aftermarket customers such as dealers, workshops, and end-users with its renowned brand ORIS. The company is headquartered near Stuttgart in Germany and has manufacturing facilities in Germany, Hungary, and Mexico. The company is the clear global innovation leader in the premium segment, operating five R&D centres and holding 197 patents, inventing the retractable tow bar in the early 2000s and introducing the first fully electric retractable tow bar in 2010.

Founded in 2000, TowerBrook is a purpose-driven, transatlantic investment management firm that has raised in excess of $23.2 billion from investors to date. Headquartered in London and New York, with offices in Madrid and Paris, TowerBrook has invested in more than 90 portfolio companies on both sides of the Atlantic. Focus sectors include consumer; industrials; financial services; technology, media, and services; and healthcare.

Founded in 1984, Bridgepoint is one of the world's leading quoted private asset growth investors, specialising in private equity and private debt. With more than €41 billion of assets under management and a strong local presence in Europe, North America, and Asia, Bridgepoint focuses on investing in middle-market businesses via four distinct fund strategies: middle market; small mid-cap; small cap; and credit.

Houlihan Lokey’s Capital Markets team previously served as financing advisor to TowerBrook on its acquisition of ACPS in 2018.