PPM acquires Germany's Jost Group

PPM Capital, the private equity arm of the UK insurer Prudential, has bought Jost Group, a manufacturer of components for commercial vehicles, from Alpha Investors, an investment boutique, for €320m ($387.4m).

Jost Group, based near Frankfurt, manufactures components for connecting truck and trailer units. It posted revenues of €300m in 2004 and employs 1,500 staff worldwide.

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