H.I.G. Europe Exits Anvis Group
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H.I.G. Europe Exits Anvis Group

H.I.G. Europe has completed the sale of its portfolio company Anvis Group to Tokai Rubber Industries. H.I.G. Europe acquired Anvis in 2010.

Anvis Group is a manufacturer of anti-vibration components used in the automotive, railway and utility sectors. Products include chassis components, aggregate suspension, exhaust system hangers as well as decoupling elements and mass dampers. The company has revenues of approximately €300 million and was founded in 2000. Anvis Group is based in Steinau, Germany (www.anvisgroup.com).

“As proactive members of the Advisory Board, H.I.G. Europe’s representatives provided the management of Anvis Group with a wide range of insightful and valuable advice. This constructively enabled management to optimize the company’s structures and processes to accelerate growth and to strengthen the earnings power,” said Olaf Hahn, who will continue to act as the company’s CEO.

Tokai Rubber Industries manufactures components for the automobile industry, including anti-vibration systems and plastic hoses. The company’s main customer groups include automobile manufacturers and suppliers, as well as companies from various other industrial sectors. Tokai Rubber has approximately 14,000 employees and annual sales of approximately €2.5 billion. The company was founded in 1929 and is based in Komaki City, Japan (www.tokai.co.jp/english/)

H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $12 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 6-6-13

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