Pamplona puts on the brakes

Pamplona Capital Management, a London-headquartered private equity and hedge fund firm, has bought TMD Friction, a manufacturer of brake friction materials for automotive and commercial vehicle applications, out of administration. 


Pamplona Capital Management, a London-headquartered private equity and hedge fund firm, has bought TMD Friction, a manufacturer of brake friction materials for automotive and commercial vehicle applications, out of administration. 

Pamplona Capital Management, a London-headquartered private equity and hedge fund firm, has bought TMD Friction, a manufacturer of brake friction materials for automotive and commercial vehicle applications, out of administration.

TMD Friction operates from locations across Europe, the US, Brazil, Mexico, China and Japan, and generated a turnover of €639 million (£581.5 million) in 2008.

Martin Schwab, partner of Pamplona Capital Management, said: “TMD Friction is an exceptional business and we are delighted to be part of the long-term future of the group. TMD is a global leader in the automotive sector and has good defensive qualities given that a large part of the business is focused on the replacement parts market, which is less affected right now by the current economic climate.

“We are backing a great management team led by Derek Whitworth and are pleased to be able to maintain the independence of a technology leader in its field,” Schwab added.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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