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BDT Capital Partners: US investment bank joins supplier Schaeffler

2019-11-13T08:36:47.650Z

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Herzogenaurach (dpa) - The investment bank BDT Capital Partners enters the automotive and industrial supplier Schaeffler with a significant share.

According to a statement by the SDax company, the Chicago-based bank, which specializes in investing in family-owned companies, has secured 25 percent of the outstanding preference shares of the traditional Franconian company. However, the preference shares listed on the stock exchange account for only around one quarter of the total share capital. The remainder is held by ordinary shares in the hands of the Schaeffler family.

In the past two weeks, the Schaeffler share price has continued to rise. The company, which suffered from the heavy car market, had recently presented its quarterly figures, doing slightly better than the market had expected.

Source: zeit

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