Newport Beach-based buyout firm Windjammer Capital Investors has agreed to sell its portfolio company BBB Industries LLC to an investment firm in London.
Terms of the deal weren’t disclosed.
Mobile, Ala.-based BBB Industries manufactures automotive parts. Windjammer acquired the company in 2007 and helped oversee “significant growth through acquisitions, the expansion of new distribution channels and new product development” during the investment period, according to Windjammer.
BBB Industries was founded in 1987 and now has about 2,000 employees. Financial details weren’t available, but Windjammer said its typical investment target has more than $10 million in operating earnings.
Pamplona Capital Management LLP, which has offices in London and New York, is buying BBB Industries from its fourth private equity fund, a $4 billion fund that it raised this year. The firm has more than $10 billion in assets under management overall.
