Calsonic Kansei to Acquire Magneti Marelli in a $7.1 Billion Transaction
10.22.18
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The Firm is representing KKR’s wholly owned portfolio company Calsonic Kansei in the acquisition from Fiat Chrysler Automobiles N.V. of its automotive components business Magneti Marelli S.p.A. The transaction values Magneti Marelli at approximately €6.2 billion ($7.1 billion). The combined businesses of Calsonic Kansei and Magneti Marelli will create a top ten global independent automotive components supplier, based on total revenue. The transaction is subject to customary closing conditions.
The Simpson Thacher team includes David Sneider, Ian Ho, Nori Kumamoto, Yui Hirohashi and Chen Zhang (M&A); Makiko Harunari and Atsushi Usui (Credit); David Vann, Etienne Renaudeau, John Skinner and Jessica Thrower (Antitrust); Brian Mendick and Sophie Staples (Tax); Lori Lesser and Marcela Robledo (IP); Tristan Brown (Executive Compensation and Employee Benefits); and Adeeb Fadil (Environmental).