Ideal Automotive Acquires Concorde Group

Concorde Group concluded the sale of 100% of the company’s equity to Ideal Automotive, a German company with more than 50 years’ in the market and international presence in Czech Republic, Slovakia, Poland, China and Mexico. With this transaction, Ideal Automotive strengthens its presence in the country as well as its place as a global supplier of Volkswagen, Audi and BMW in North America.

Located in Puebla, Concorde Group, a Mexican company with over 15 years’ experience in the automotive industry, specializes in textile and components for interiors manufacture, supplying products to several automotive brands.

FGA Banqueros de Inversión served as financial advisor to Concorde Group, led by partner Javier Arce. Representation included the financial analysis and the company valuation, negotiation of preliminary terms and conditions, due diligence coordination, as well as the negotiation of definitive agreements, obtaining a double digit EBITDA multiple in the company’s valuation and the review of financial terms and conditions in the purchase and sale documents.

“This transaction turned out to be very interesting because it is a Mexican family business in the auto parts sector, with a multinational buyer with extensive experience in the industry and contributing to the increase in foreign direct investment in the country,” stated leading partner, Javier Arce.