AVIC Systems Completes Acquisition of Hilite International
10.31.14
This is only gets display when printing
Simpson Thacher represented AVIC Electromechanical Systems Holdings Co., Ltd. (“AVIC Systems”) in connection with its acquisition of Hilite International, a leading global supplier of highly engineered automotive engine and transmission components. AVIC Systems is a subsidiary of Aviation Industry Corporation of China, one of the largest industrial conglomerates in China. The transaction values Hilite International at approximately €473 million (US$645 million). The transaction closed on October 30, 2014.
The Simpson Thacher team working on this transaction includes Shaolin Luo (Hong Kong M&A); Yang Wang and Duan Fu (Beijing M&A); Aditya Basrur (New York M&A); David Vann, Michael Naughton, Étienne Renaudeau and Bill Kearney (Competition- M&A); Peter Thomas, David Shogren and Andrew Winerman (CFIUS); David Rubinsky, David Teigman and Eric Wolf (Executive Compensation and Employee Benefits); Alex Key, Marcela Robledo and Samantha Himelman (IP), Krista McManus (Real Estate); and Adeeb Fadil and Tim Mulvihill (Environmental).