On July 9, 2009, Autocam sold the stock of its F&P subsidiary to Maike. DPP initiated this transaction, assisted in the negotiations and acted as exclusive investment banking advisor to Autocam.
Autocam Corporation (“Autocam”) is a world leader in the design and manufacture of high volume, precision-machined, extremely close tolerance, specialty metal alloy components and assemblies sold to the transportation and medical device industries. Autocam serves companies around the world from 14 facilities in North America, South America, Europe and Asia. Founded in 1988, it employs more than 2,500 people.
FRANK & PIGNARD SAS
Frank & Pignard SAS (“F&P”) which includes two locations in Thyez, France, is a leader in the manufacture of precision machined tight tolerance power steering and fuel system components and sub-assemblies for the automotive market. F&P produces complex high volume parts with single digit micron tolerances, and quality levels near zero defects.F&P’s manufacturing capabilities include: precision turning, milling, grinding, finishing and assembly.
Maike Groupe (“Maike”) headquartered in France, is a holding company, with 25 locations in 5 different countries around the globe. Maike primarily serves the automotive industry with machining, heat treating, painting, surface treatment and special machine building capabilities.