Callista sells CCM Compressor & Components Manufacturing GmbH
Successful exit to a strategic buyer after completed turnaround
Munich, 24.05.2023. Callista Private Equity GmbH (“Callista”), through Callista Turnaround 11 GmbH, announces the sale of its 100% participation in CCM Compressor & Components Manufacturing GmbH (“CCM” or “Company”) to Mr. Mete Atakul (“Buyer”), a businessman invested and engaged in several industrial companies, especially in the production of compressor components.
CCM is a specialist in manufacturing high-quality engine and compressor parts with over 25 years of experience. Its production traditionally focuses on mechanical and electric compressors for commercial vehicles, air brakes, cooling and refrigeration units. Additionally, the Company has outstanding capabilities within its R&D department, in which new products are developed from a first idea over prototyping to serial production.
Callista acquired CCM in 2020 from Nabtesco Automotive Corporation. After conducting the carve-out from the Japanese Group, Callista executed its turnaround plan supported by Confer-si Management Partners led by Mr. Thomas Hofmann, who personally contributed to the success of the turnaround. The restructuring and optimization measures showed effect and improved the adj. EBITDA margin from -4% in 2019 to over 10% in 2023, despite the challenging years of crisis with declining revenues.
For the Buyer, the acquisition of CCM is a strategic expansion of his existing aftermarket crankshaft and compressor parts production within Atakul Group. The group’s production plants in Zittau (Germany), Istanbul (Turkey) and Houston (USA) manufacture high-quality spare parts for major heavy duty commercial vehicle manufacturers. Being part of a globally acting group, CCM will benefit from synergies and the experience of the other plants. Under the new ownership, all employees will retain their jobs and additional experts from Atakul Group will complement the Company’s workforce. The Buyer intends to invest into new equipment as well as centralize the machining operations with the Company’s assembly lines in Chemnitz by expanding the current premises.
Marc Zube, Chief Operations Officer of Callista stated: “We are proud of the achievements made during the journey of the turnaround and would like to thank everybody involved in this journey, especially the employees of CCM. We see CCM well prepared for the next steps under its new ownership.”