Tuesday, September 10, 2013

Clearlake Capital Acquires Futuris Automotive

Santa Monica-based private equity investor Clearlake Capital Group has acquired Futuris Automotive, an automotive supplier which designs, engineers and manufactures seating and interior systems. Financial details of the acquisition were not announced. Clearlake manages around $1.4 billion in equity, and invests across a wide range of industries. Futuris is a supplier to such OEMs as Tesla Motors, GM, Ford, Toyota, and many others. The company is based in Melbourne, Australia.