Sale of a minority stake in CSABAcast, a prominent Hungarian producer of aluminium automotive parts to Innova-1
Invescom acted as sell-side advisor to the owners of CSABAcast, a prominent Hungarian manufacturer of aluminium die-casted and machined components mainly for automotive customers, in connection with selling a minority stake in the company to Innova-1, an investment fund specialized in automotive and mobility.
CSABAcast and its predecessors have 80 years of history in metal processing. Today the company is one of the leading locally-owned producers of aluminium drivetrain and other components. Its production capabilities cover high-pressure die-casting, machining, surface treatment and assembly. CSABAcast serves a prestigious and long-standing customer base of OEM and Tier 1 customers mainly from the European automotive sector. The company operates out of a 20 000 m2, cutting-edge, purpose-built facility, and continuously invests in expanding and optimizing its technological capabilities in order to further enhance the consistently outstanding service quality it is recognized for.
Innova-1 is a Hungarian investment fund that systematically invests in companies active in the broader mobility and automotive space. The fund acquired a minority stake in CSABAcast, and teamed up with the owners and management who demonstrated an outstanding success story in a strategic but also very demanding and turbulent sector. Innova-1 is ready to support the company in its continued growth with the fund’s broad sector know-how and network of contacts.