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SANLUIS Partners with CCP and AIP to Triple Its Brake Business

22 September 2000

SANLUIS Partners with CCP and AIP to Triple Its Brake Business With a US $70 Million Investment

 - Chase Capital Partners Leads US $56.3 Million Equity Injection in SANLUIS;
 SANLUIS' Growth Fueled by US $140 Million Per Year Worth of New Contracts -

    MEXICO CITY, Sept. 21 SANLUIS Corporacion, S.A. de C.V.
(BMV: SANLUIS), a leading Mexican industrial group dedicated to the
manufacture of autoparts and gold and silver mining, announced today that it
will invest US $70 million over the next three years in order to triple the
size of its original equipment brake business.  The award of new contracts
with a value of US $140 million per year -- principally with General Motors,
Ford, Volkswagen, Nissan, and BMW -- will support the expansion.
    Chase Capital Partners ("CCP") and American Industrial Partners ("AIP"),
two leading international private equity investors, completed a
US $56.3 million equity investment in Fundimak, S.A. de C.V., the brake
subsidiary of SANLUIS Rassini.  "The purpose of this capital injection is to
support the expansion of our industrial plants, and in this manner, ensure
that SANLUIS continues to provide the level of service and quality that our
clients demand," said Antonio Madero, the Chairman and CEO of SANLUIS
Corporacion.  "The equity injection will also enable us to grow rapidly
without increasing debt," he added.
    SANLUIS maintains control of Fundimak after the private equity placement.
Brembo S.p.A., the technology partner of SANLUIS Rassini in the brake
division, will continue to participate, as in the past, in growing and further
developing this important line of business. "With the additional capital
resources, our brake division will be well positioned to achieve the same kind
of market leadership that we have in our suspensions business. CCP, AIP, and
Brembo are strong partners who will work with us to achieve our goals," said
Mr. Madero.
    Chase Capital Partners (http://www.chasecapital.com) is a global private
equity organization that provides equity and mezzanine capital financing to
private and public companies.  CCP has over US $20 billion under management,
distributed over 600 separate investments.  Among other capabilities, CCP
combines leadership in private equity and venture capital investing in Latin
America with global investment expertise in the automotive sector.
        Susan Segal, General Partner and Latin America Group Head of CCP, noted,
"We see excellent prospects for the rapid, sustained growth of the autoparts
sector in Mexico.  SANLUIS is one of the companies best placed to benefit from
this growth because of their engineering and management strength,
state-of-the-art plants, their partnerships with technology leaders, and their
diversified relationships with the major automobile manufacturers.  I am very
pleased that our first investment in the Mexican autoparts sector is with
SANLUIS."
    In addition to employing the best technology in its operations and
maintaining the highest standards of quality and operational excellence, the
brake manufacturing operation is noteworthy for its vertical integration, with
both casting and machining in the same plant.  "Our vertical integration gives
us a great competitive advantage," said Enrique Villasenor, President of
SANLUIS Rassini, "since it enables us to ensure quality in all phases of
production."
    "High-precision manufacturing competency is critical to success in the
automotive supplier industry," commented W. Richard Bingham, President of AIP.
"We are excited to partner with SANLUIS in this initiative to expand and
continue their market leadership."
    The expansion represents an additional step to develop SANLUIS Rassini
into a leading supplier of original equipment brakes for the North American
market.  "We have proven that we can compete in international markets.  Our
new objective is to triple our brake sales over four years, to reach our goal
of US $220 million in brake component sales by the year 2004, in a market
segment that requires the best production technology and the most exacting
quality standards," Mr. Villasenor added.