HgCapital, a UK-based buy-out firm, said it has made 3.7 times its money selling Germany's FTE Automotive, the world's largest manufacturer of automotive clutch and brake systems, to Paris-based PAI Partners for €370m ($494.8m).

In less than three years HgCapital has made a capital profit of €145m on an original equity investment of about €50m, which gives an internal rate of return of 90%.