Clearlake Acquires Sage Automotive Interiors
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Clearlake Acquires Sage Automotive Interiors

sage nf1Clearlake Capital Group has acquired Sage Automotive Interiors, the second largest automotive textile supplier in the world. The senior management team of Sage invested alongside Clearlake in the transaction.

Sage Automotive Interiors is one of the world’s leading providers of automotive bodycloth—seating, door panel surfaces, and headliners—to original equipment manufacturers. The company has offices and manufacturing facilities in the US, Japan, China, Brazil, Korea, India and Europe. Sage is headquartered in Greenville, SC (www.sageautomotiveinteriors.com).

“This acquisition underscores Sage’s success and vision, and provides a stable platform to help drive our future growth, both domestically and globally,” said Dirk Pieper, Sage CEO. “Clearlake is an experienced investor in the automotive space, bringing valuable industry expertise and strong financial resources. We appreciate this vote of confidence in all that Sage has accomplished and in our future, and we look forward to working with the Clearlake team as we execute on our strategy.”

Recently, Sage has experienced rapid growth, almost doubling its employee count in the past five years, investing $25 million in its South Carolina operations over the past four years, and adding plants in China and Poland to enhance its worldwide footprint.

jose feliciano nf1“With high quality products and its commitment to innovative design, Sage has built an impressive client list and experienced strong growth,” said José Feliciano, a founding partner at Clearlake. “We look forward to working with Sage’s talented management team and dedicated employees as we build on Sage’s plan and vision, with a continued focus on supplying the best products while also focusing on sustainability.”

Clearlake invests in special situations such as corporate divestitures, recapitalizations, buyouts, restructurings, turnarounds and minority equity investments. Sectors of interest include business services; communication; consumer products and retail; defense and public safety; energy and power; healthcare; industrials; media; software and technology.  Clearlake currently manages approximately $1.4 billion of equity capital. The firm was founded in 2006 and is headquartered in New York (www.clearlakecapital.com).

Nomura Securities (www.nomura.com) and XMS Capital Partners (www.xmscapital.com) advised Sage on the transaction.

2014 PEPD • Private Equity’s Leading News Magazine • 10-9-14

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