HIG Europe has completed the sale of its portfolio company Anvis Group to Tokai Rubber Industries (TRI). HIG Europe is the European arm of global private equity company HIG Capital.
Anvis, which is headquartered in Steinau an der Straße, Germany, is a provider of critical, highly engineered anti-vibration products that are primarily used in the automobile industry where they improve the dynamic handling, comfort and road safety of vehicles. In 2010, HIG Europe acquired the company and joined forces with the incumbent chief executive Olaf Hahn to carry out a systematic process of advancement. This team succeeded in increasing the annual sales generated by the company to more than EUR300m. Today, the Anvis Group has some 2000 employees and operates in nine countries at a total of 13 locations.
“As proactive members of the advisory board, HIG Europe’s representatives provided the management of Anvis Group with a wide range of insightful and valuable advice. This constructively enabled management to optimise the company’s structures and processes to accelerate growth and to strengthen the earnings power,” says Hahn, who will continue to act as the company’s CEO in the TRI Group. “
“Tokai Rubber Industries is the optimum strategic partner, which will enable Anvis to achieve a new level of global reach sooner rather than later. The two companies are perfectly complementary as far as product know-how and geographical positioning,” says Wolfgang Biedermann, managing director of HIG Europe.
