October 14 2011

Grupo Antolin signs agreement to acquire DDJ portfolio company CML Innovative Technologies

Spanish multinational automotive supplier Grupo Antolin has signed an agreement to acquire DDJ portfolio company CML Innovative Technologies.  Such deal, which is subject to approval by the European anti-trust authorities, was accomplished through the acquisition of all of the shares of the company, the majority of which were owned by certain funds controlled by DDJ Capital Management, Cerberus Capital and J.P. Morgan Securities’ Inc. 

CML is a designer and manufacturer of complete lighting systems for automotive applications using LED and incandescent light sources, with manufacturing facilities located throughout Europe and China.  Such acquisition will make Grupo Antolin one of the European market leaders of interior lighting, and will represent a full realization of  CML on behalf of DDJ-managed funds.