M&A Deal Summary

Hahn & Company Acquires Hanon Systems

On December 17, 2014, private equity firm Hahn & Company acquired automotive company Hanon Systems from Visteon for 3.6B USD

Acquisition Highlights
  • This is Hahn & Company’s 1st transaction in the Automotive sector.
  • This is Hahn & Company’s 2nd largest (disclosed) transaction.
  • This is Hahn & Company’s 4th transaction in South Korea.

M&A Deal Summary
Date 2014-12-17
Target Hanon Systems
Sector Automotive
Buyer(s) Hahn & Company
Sellers(s) Visteon
Deal Type Divestiture
Deal Value 3.6B USD

Target

Hanon Systems

Daedeok-gu, South Korea
website
Hanon Systems is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. Hanon Systems was founded in 1986 and is based in Daedeok-gu, South Korea.

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Buyer(S) 1

Buyer

Hahn & Company

Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Hahn & Company is a South Korean private equity firm focused on acquiring majority positions in companies. The Firm does not have any sector preferences and looks to have direct and active involvement in the companies acquired. Hahn & Company was formed in 2010 and is based in Seoul.

DEAL STATS #
Overall 4 of 10
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 3
Country (South Korea) 4 of 10
Year (2014) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Hanjin Shipping - Industrial Carrier Division

Seoul, South Korea

Hanjin Shipping's Industrial Carrier Division is a long term dry Bulk and LNG carrier. Hanjin Shipping's Industrial Carrier Division is based in Seoul, South korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Daehan Slag

Gwangyang, South Korea

Daehan Slag is a slag powder manufacturer. Daehan Slag was founded in 2009 and is based in Gwangyang, South Korea.

Buy -

Seller(S) 1

SELLER

Visteon

Van Buren Township, Michigan, United States

website

Category Company
Founded 2000
Sector Automotive
Employees10,000
Revenue 3.8B USD (2022)
DESCRIPTION
Entrance to Visteon's campus in Van Buren Township, Michigan.
Entrance to Visteon's campus in Van Buren Township, Michigan.

Visteon is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers. The Company has an international network of manufacturing operations, technical centers and joint venture operations. Visteon was founded in 2000 and is based in Van Buren Township, Michigan.

DEAL STATS #
Overall 5 of 5
Sector (Automotive) 3 of 3
Type (Divestiture) 5 of 5
Country (South Korea) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-14 Johnson Controls - Electronics Business

United States

Johnson Controls’ electronics business employs 4,800 people at seven r&d centers in Europe, North America and Asia.

Buy $265M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 AllGo Embedded Systems Pvt.

Bangalore, India

AllGo Embedded Systems Pvt. Ltd. (AllGo Systems) is a product designing company focused on multimedia solutions for automotive markets.

Buy -
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