FSN Capital LP II has signed a definite agreement to sell Alignment Systems, the global market leader for collision repair solutions, to Polaris Private Equity.
The company started its operations in 1935 and is today present in more than 70 countries. In 2011, Alignment Systems had 250 employees and its sales exceeded SEK 500 million. The company is headquartered in Gothenburg, Sweden.
Alignment Systems was acquired by FSN Capital in 2006. Since then the company has grown EBITDA by over 50% and expanded operations to become a truly global player with sales in China up from SEK 2m to close to SEK 100m in 2011.
"Alignment Systems has been developed from a hardware focused product company to a complete solutions provider to body shops worldwide. During our ownership period, and in close collaboration with the management team, Alignment Systems has solidified itself as the clear global market leader within collision repair solutions. The company today has a well invested, global and scalable platform set for future growth", says Erik Nelson, Director at FSN Capital.
FSN Capital was advised by PWC Corporate Finance, Vinge and KPMG.