 Mike Manley |
Finsbury represents Japan’s Calsonic Kansei Corp., which is owned by investment firm giant KKR, as it plans to shell out $7B to buy Fiat Chrysler Automobile’s Magneti Marelli auto parts business.
The deal positions CKC as the seventh largest components supplier with 200 facilities across Asia, Europe and North America and annual sales in the $17B range.
FCA CEO Mike Manley plans to earmark the cash windfall to fund his company’s move into electric and self-driving vehicles.
The Detroit Free Press noted the deal is the most significant business announcement from FAC since the death this summer of CEO Sergio Marchionne.
CEO Beda Bolzenius said 80-year-old CKC will benefit from MM through “complementary geographic footprints and product lines, while respective customers will benefit from an increased investment in people processes and innovative new products.”
Finsbury’s Nicola McGowan and Ayako Okamoto work the deal.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Have a comment? Send it to 
No comments have been submitted for this story yet.