09-07-2025
Parts Supplier Standard Profil Agrees Creditor Takeover Deal
German auto parts supplier Standard Profil Automotive GmbH has agreed to a restructuring deal with creditors that will see bondholders take control of the company from Turkish private equity firm Actera Group.
Under the plan, bondholders will have the option to provide as much as €145 million ($170 million) of new financing at a super senior level, according to a presentation seen by Bloomberg News. Participants will be allocated 90% of the common equity in the firm, with additional shares offered to lenders who backstop the deal.
