Monomoy Capital Partners, L.P., a private equity firm, has sold Compass Automotive Group, LLC, a designer and manufacturer of aluminum chassis and suspension components for the automotive industry, to Shipston Equity Holdings, LLC. All the entities are based in the US.
Shipston Equity is a part of Shipston Group Limited, a Bahamas-based private investment firm.
Following the transaction, Compass Automotive will be renamed as Shipston Aluminum Technologies, International (SAT).
BMO Capital Markets Limited acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Monomoy. Ernst & Young Capital Advisors, LLC acted as financial advisor and Kirkland & Ellis LLP acted as legal advisor to Compass Automotive.