{"id":20320,"date":"2021-06-09T14:29:10","date_gmt":"2021-06-09T12:29:10","guid":{"rendered":"https:\/\/www.berylls.com\/private-equity-in-der-automobilindustrie-welche-investmentansaetze-heute-und-in-zukunft-interessant-sind\/"},"modified":"2025-08-13T11:15:07","modified_gmt":"2025-08-13T09:15:07","slug":"private-equity-in-the-car-industry-present-and-future-investment-approaches","status":"publish","type":"post","link":"https:\/\/www.berylls.com\/en\/private-equity-in-the-car-industry-present-and-future-investment-approaches\/","title":{"rendered":"Private equity in the car industry \u2013 present and future investment approaches"},"content":{"rendered":"\t\t
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Private equity in the car industry \u2013 present and future investment approaches<\/h1>\n\n Munich, June 2022<\/span>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Private equity in the car industry \u2013 present and future investment approaches <\/span><\/h1>\nMunich, June 2022<\/h1>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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trong competition from strategic investors including OEMs and suppliers, and banks\u2019 pullback from the car industry, are preventing large-scale growth investments and buyouts by private equity investors. Only turnaround investors seeking restructuring cases have been active. But a new generation of car manufacturers can change this in the future. <\/p>\n\n <\/div>\n\n \n\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Seldom has there been so much wealth circulating, in search of attractive investment opportunities. Private equity remains one of the most lucrative investment classes; however the success story does not currently include the car industry. Private equity investments in automotive companies are at present far below average, and falling. That raises questions: why have private equity investors stopped trusting the sector they once loved, and will they return to the auto industry in the future?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Turbulent times restrict access to borrowing <\/strong><\/h2>

Technological change, new business models and macro-economic trends are turning the car industry on its head, leading to a redistribution of profit pools along the value chain. Traditional car manufacturing companies\u2019 profit margins are coming under pressure and strategic investors find themselves forced to restructure their portfolios, in order to remain competitive in the new age of mobility. The car industry is also dependent on highly complex global supply chains and as a result has been more severely affected by production losses caused by wars, pandemics and raw material shortages than other sectors.<\/p>

More than three years of low returns have resulted in increased debt ratios and tight liquidity positions. Small and medium-sized suppliers have increased their net debts by an average of more than a third in the last few years. Even the major Tier 1 suppliers such as Continental, Bosch, ZF and Schaeffler have had their credit ratings reduced. Consequently, lenders are limiting their exposure to the car industry.<\/p>

Available loan capital volumes have fallen and interest rates have risen. Traditional banks are cutting back investment in the sector, and alternative loan capital sources do not look much better. Debt funds can invest with a higher risk profile than banks and also sometimes make unsecured commitments. But for these, they need good financial planning and reliable cashflows. Instead, they are confronted with an uncertain outlook and will only get involved on favourable terms, if at all. Asset-based lenders are seen as the most expensive \u2013 and therefore the most unpopular \u2013 loan capital source.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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