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BA Capital targets European automotive industry25/04/2003. Source: AltAssets. 
 BA Capital Partners Europe has become the latest private equity firm to target the European automotive industry with its acquisition of Enricau, a French specialist manufacturer of vehicle parts.
BA Capital has bought an E50m stake in the company and will work along side the existing management, led by Enricau's founder Henri Caux, who has retained a minority stake in the business.
BA Capital hopes to establish Enricau, whose customers include Bosch and Siemens, as a European leader in the precision mechanics and bar-turning sector through bolt-on acquisitions and developing product lines.
BA capital joins a growing number of private equity firms who have been snapping up bargains in the European automotive industry in recent months. The Carlyle Group purchased Edscha, a German car parts firm, and is also negotiating the acquisition of FiatAvio. HgCapital bought FTE Automotive, another German car parts manufacturer earlier this year.
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