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.