Venture capital firm buys most of Edscha.(News)

Automotive News Europe,  November, 2002  by Chew, Edmund

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Byline: Edmund Chew Automotive News Europe

German supplier Edscha is best known as Europe's largest automotive hinge maker, but its expansion into convertible roofs led to its acquisition by US investment fund Carlyle Group.

Carlyle is buying its stake from PCI Edscha Partners, Deutsche Beteiligungs and Flint Echo. Carlyle created a holding company, EdCar, to take Edscha private. Carlyle will hold 77 percent of Edscha equity and four members of Edscha's management board the other 23 percent. Edscha was listed on the Frankfurt stock exchange, with a market capitalization of ...

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