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Bain Capital Adds German Auto Parts Co. To Its Dashboard

Law360, New York (May 13, 2013, 6:02 PM EDT) -- Private equity firm Bain Capital LLC has acquired German clutch and brake maker FTE automotive GmbH from PAI Partners SAS, the companies said Monday in a joint statement.

The terms of the transaction, which the companies said is subject to customary regulatory and antitrust approvals, were not disclosed, but the acquisition is expected to be completed in July 2013.

“FTE is the world leader in hydraulic clutch actuation systems for passenger cars and commercial vehicles; in 2012 the company had sales of €430m ($558 million). The...
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