KKR to Sell Alliance Tire Group to Yokohama Rubber for $1.2 Billion
03.29.16
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Simpson Thacher is representing KKR and the other selling shareholders in the announced sale of all the shares of the Alliance Tire Group (“ATG”) to Yokohama Rubber Co., Ltd. for approximately $1.2 billion. Closing of the transaction is subject to regulatory approvals and other necessary closing procedures.
ATG has developed a highly specialized business in the manufacture and sale of tires for agricultural, industrial, construction and forestry machinery. ATG sells radial and bias tires for the aforementioned types of vehicles in 120 countries around the world, with a focus on the North American and European markets.
The Simpson Thacher team included Katie Sudol, Sandra Kister, and Sonya Ho (M&A); Tristan Brown and Linda Barrett (Executive Compensation and Employee Benefits); Judy Yan (Tax); and David Vann and Étienne Renaudeau (Antitrust). Associate Brian Mathes also provided assistance.