German PE firm to acquire auto supplier manufacturers in China from Korea's Hwaseung

Mutares is expected to acquire a majority stake in two manufacturing sites in China from Hwaseung; the signing of the deal is expected in Q4.

Ryan Li

November 11, 2025

Germany-based private equity firm Mutares is set to finalise deals with South Korea-headquartered conglomerate Hwaseung Corporation on the acquisition of a majority stake in Hwaseung’s two auto parts' suppliers in China.

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