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The Firm is representing J.P. Morgan Securities LLC as financial advisor to Tower International, Inc. (NYSE: TOWR) in connection with its announced acquisition by Autokiniton Global Group (“AGG”), a portfolio company of KPS Capital Partners, for $31 per share in cash in a transaction valued at approximately $900 million. The transaction is expected to close in September or October of 2019, subject to customary closing conditions.

Tower International is a leading manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers, offering automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles. Headquartered in Livonia, Michigan, Tower International has 2018 full-year revenue of $1.6 billion. AGG is a leading North American supplier of metal-formed components and complex assemblies to the automotive industry, headquartered in New Boston, Michigan.

The Simpson Thacher team includes Jakob Rendtorff, Caroline Gottschalk and Michael Ratay (M&A).