May 25, 2013 1:07 PM ET

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Company Overview of Pinafore Holdings B.V.

Company Overview

Pinafore Holdings B.V., a diversified engineering and manufacturing company, manufactures industrial and automotive products worldwide. The company’s Gates segment manufactures and sells a range of systems and components, including synchronous drive belts, pulleys, tensioners and idlers, accessory drive belts, hydraulic hose and hose assemblies, industrial hose, couplings, and adapters, as well as offers hose monitoring and management services. This segment offers its products to industrial equipment, car and truck manufacturing markets, and industrial and automotive aftermarkets. Its Aquatic segment manufactures bathware products, including bathtubs, showers, and whirlpools for the resident...

Detailed Description

Fred. Roeskestraat 123

Amsterdam,  1076 EE

Netherlands

Founded in 1925

14,022 Employees

Phone:

31 20 577 1177

www.tomkins.co.uk

Key Executives for Pinafore Holdings B.V.

Group Chief Executive Officer
Age: 57
Group Chief Financial Officer
Age: 49
President of Gates and Chief Operating Officer of Gates
Age: 49
Executive Vice President and General Counsel
Age: 54
Managing Director and Director
Age: 50
Compensation as of Fiscal Year 2012.

Pinafore Holdings B.V. Key Developments

Pinafore Holdings B.V. Reports Earnings Results for the First Quarter Ended March 30, 2013

Pinafore Holdings B.V. reported earnings results for the first quarter ended March 30, 2013. For the quarter, the company’s sales totaled $775 million, down by 2.6% due to weak market conditions. Adjusted EBITDA from ongoing operations was $129 million. Controllable cash flow, which defined as adjusted EBITDA, less net CapEx and changes in working capital, was an outflow of $28.5 million compared with an inflow of $81.7 million in 2012. This decrease was driven by lower adjusted EBITDA following the disposal of businesses during 2012 and a high level of cash absorption through working capital movements. The increase in working capital is driven primarily by the effect of industry-wide extended payment terms to certain automotive aftermarket customers. Net debt as of March 30, 2013 was $1.55 billion.

Pinafore Holdings B.V., Q1 2013 Earnings Call, May 07, 2013

Pinafore Holdings B.V., Q1 2013 Earnings Call, May 07, 2013

Pinafore Holdings B.V. to Report Q1, 2013 Results on May 07, 2013

Pinafore Holdings B.V. announced that they will report Q1, 2013 results on May 07, 2013

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 21, 2012
Tomkin's Air Distribution
 

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