Novem Group S.A. successfully raised €247.2 million through the placement of nearly 15 million shares to international institutional investors, aiming to enhance its capital structure and refinance existing obligations.

Target Information

Novem Group S.A. (the "Company" and, together with its consolidated subsidiaries, the "Novem Group" or "Novem") is a globally recognized provider of high-quality decorative components and functional elements for vehicle interiors, catering primarily to automobile manufacturers. Founded in 1947 and headquartered in Vorbach, Germany, Novem has expanded its global footprint, with operations in Germany, Italy, the Czech Republic, Slovenia, China, the USA, Honduras, and Mexico. The company employs approximately 5,700 staff across 12 locations and achieved revenues exceeding €600 million in the 2020/21 fiscal year.

Novem offers a diverse array of premium materials, including real wood, aluminum, carbon, and high-grade synthetics, delivering unparalleled quality, technology, and innovation to a growing customer base of 18 automakers. Since 2011, Novem has been jointly owned by family-led investor Bregal and its management, positioning it for ongoing growth and market expansion.

Industry Overview

The automotive industry in Germany is recognized as one of the most significant sectors globally, contributing substantially to both domestic and international economic performance. As one of the worl