Nordstjernan has divested its holding in Rosti Automotive
Nordstjernan has divested its holding in Rosti Automotive AB (”Rosti Automotive”), a company that develops and manufactures injection-molded plastic components to customers in the automotive industry, to Xandor Automotive GmbH (“Xandor Automotive”). Xandor Automotive is owned by Quantum Opportunity Fund II GmbH & Co. KG, a fund managed by Munich based Quantum Capital Partners. Rosti Automotive will henceforth appear as Xandor Automotive.
Rosti Automotive was spun off from Rosti Group AB (“Rosti Group”) in 2017. The divestment of Rosti Automotive will not have an impact on Rosti Group, which continues to be wholly owned by Nordstjernan. Rosti Group develops and manufactures injection-molded plastic components to selected consumer and industrial segments as well as the food industry.
The parties have agreed not to disclose the terms of the transaction.
Stephens, Gernandt & Danielsson and Cleary Gottlieb Steen & Hamilton served as advisors to Nordstjernan in connection with the transaction.
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Peter Hofvenstam, CEO, Nordstjernan
Stefan Stern, Head of Communications, Nordstjernan
Telephone: +46 70 636 74 17
Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.