Sale of SBS Automotive (DK) to Borg Automotive (DK) by SBS Group A/S (DK) – Amount not disclosed

Carnegie acted as exclusive financial adviser to SBS Group in the sale of SBS Automotive to Borg Automotive, Europe’s largest independent automotive remanufacturing company owned by the Danish conglomerate Schouw & Co. A/S. SBS Automotive and Borg Automotive form a strong strategic match as SBS Automotive brings distinct competencies within sourcing and Borg Automotive brings strong production capabilities. Together, the companies will gain a significant position in the European independent aftermarket for cars and vans.

SBS Automotive will continue as an independent trading division of Borg Automotive and supplement Borg Automotive’s market-leading activities within production, sales, and distribution of re-manufactured automotive parts.

The sale to Borg Automotive concludes the strategic process that SBS Group has conducted to position SBS Automotive to meet the comprehensive structural changes in the market.

About SBS Automotive SBS Automotive sources, completes, stocks, markets and distributes spare parts for cars and vans up to 3,500 kg. The company’s product range comprises wear parts, in particular mechanical and hydraulic brake parts, steering components, suspension, transmission, clutches, wheel bearings and engine mounts. The products are primarily sold on the European independent aftermarket for cars and vans. Germany is the largest market with other key markets comprising Russia, Scandinavia, France, Poland and Great Britain. Most of the markets are supplied and serviced from the company’s distribution centre in Eisenach (Germany), which also handles packaging of brake shoes. The satellite centres in Støvring (Denmark) and Chaumont (France) primarily focus on local markets with day-to-day supplies. Furthermore, SBS Automotive offers private label solutions for a leading range of European players in the European aftermarket through its logistics and packaging facilities for brake discs and drums in Stettin (Poland) in cooperation with an external partner.