Houlihan Lokey Advises TowerBrook

Houlihan Lokey is pleased to announce that TowerBrook Capital Partners (TowerBrook) has acquired BOSAL ACPS, a German manufacturer of tow bars with operations in Europe and the Americas, from BOSAL Group. The transaction closed on April, 30 2018.

BOSAL ACPS is a leading manufacturer of tow bars for original equipment manufacturers, original equipment suppliers, and the European aftermarket, generating approximately €250 million in 2017 sales. The company is a Tier 1 supplier of fixed, detachable, and retractable tow bars, as well as other ancillary products, to a range of blue-chip automotive suppliers. With around 2,000 employees, the company has manufacturing facilities in Germany (where it is headquartered), Hungary, Mexico, Russia, and France. BOSAL ACPS also has a history of innovation, having pioneered the retractable tow bar in the early 2000s and the first fully electric retractable tow bar in 2010.

TowerBrook, based in London and New York, is an investment management firm investing in opportunities throughout the cycle. This transaction is another example of TowerBrook’s strong expertise in carve-outs within German-speaking Europe. Other successful investments over more than a decade include Cablecom GmbH (Switzerland), Braas Monier Building Group (Germany), Odlo Sports Group (Switzerland), PolymerLatex (Germany), and Schweighofer Fiber GmbH (Austria).