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Silverfleet Selling Jost

Private equity firm Silverfleet, formerly known as PPM Capital, is reported to have put German-based truck components supplier Jost up for sale, banking sources told Financial Times Deutschland. It is understood Jost is expected to fetch around EUR 600m (US$928m).

Jost is headquartered in Frankfurt and generated revenues of around EUR 445m last year. It is one of the world's largest manufacturers and suppliers of truck parts with sales of EUR 600m forecast for this year.

Silverfleet acquired Jost in 2005.

Source: Thomson Merger News