Simpson Thacher Represents Melrose Industries PLC in Announced Sale of Marelli Motori
06.20.13
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The Firm is representing Melrose Industries PLC ("Melrose") in connection with its announced sale of Marelli Motori ("Marelli") to a company wholly owned by funds managed by Carlyle. The total consideration for the transaction is approximately US$283.5 million (£181 million), payable in cash upon completion. Melrose intends to use the proceeds to pay down existing borrowings and for internal company purposes. The transaction is expected to close in August 2013.
Marelli is a leading global designer and manufacturer of generators and electric motors.
The Simpson Thacher team includes Adam Signy, Neil Evans, Anaïs Fritz and Bim Afolami (M&A); and David Vann and Étienne Renaudeau (Antitrust).