Tar Heel Capital buys bankrupt Transsystem

Private equity fund Tar Heel Capital has announced the acquisition of bankrupt transportation systems producer Transsystem. The company’s assets were sold by a bankruptcy administration for an undisclosed amount. Transsystem has been constantly in operation, THC said. Before it went bankrupt, its annual revenue amounted to some PLN 200 million. Its customers included Porsche, Jaguar, Audi, BMW and General Motors.