M&A Deal Summary

Atar Capital Acquires BorgWarner - North American Controls Business

On January 6, 2022, private equity firm Atar Capital acquired automotive company BorgWarner - North American Controls Business from BorgWarner, Inc.

Acquisition Highlights
  • This is Atar Capital’s 1st transaction in the Automotive sector.
  • This is Atar Capital’s 8th transaction in the United States.
  • This is Atar Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2022-01-06
Target BorgWarner - North American Controls Business
Sector Automotive
Buyer(s) Atar Capital
Sellers(s) BorgWarner, Inc.
Deal Type Divestiture

Target

BorgWarner - North American Controls Business

Detroit, Michigan, United States
BorgWarner’s North American Controls Business is a supplier of transmission solenoids, engine solenoids, stop-start accumulators, and hydraulic control modules throughout North America.

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Buyer(S) 1

Buyer

Atar Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2016
SizeSmall
Type Sector Agnostic
DESCRIPTION

Atar Capital is a private investment firm focused on complex acquisitions and turnarounds. The Firm has a special interest in non-core or non-strategic divestures of public companies. Atar seeks opportunities with $50 million to $1.5 billion of revenue and up to $25 million of EBITDA. Targeted sectors include automotive, manufacturing, distribution, industrials, business services, media/entertainment, technology, consumer products, food/beverages, healthcare, aerospace/defense, and transportation. Atar Capital was established in 2016 and is based in Beverly Hills, California.


DEAL STATS #
Overall 10 of 10
Sector (Automotive) 1 of 1
Type (Divestiture) 7 of 7
State (Michigan) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Metco Landscape, Inc.

Aurora, Colorado, United States

Metco Landscape is a provider of landscaping installation and maintenance services. Metco’s services include commercial landscape, homebuilder services, maintenance, and custom design and installation. Metco Landscape was formed in 1987 and is based in Aurora, Colorado.

Buy -

Seller(S) 1

SELLER

BorgWarner, Inc.

Auburn Hills, Michigan, United States

website


Category Company
Founded 1987
SectorAutomotive
Employees49,700
Revenue 10.2B USD (2020)
DESCRIPTION
BorgWarner's corporate headquarters in Auburn Hills, Michigan.
BorgWarner's corporate headquarters in Auburn Hills, Michigan.

BorgWarner is a global supplier of highly engineered automotive systems and components primarily for powertrain applications. The Company's products help improve vehicle performance, fuel efficiency, stability and air quality. These products are manufactured and sold worldwide, primarily to original equipment manufacturers of light vehicles, vans and light trucks. The Company's products are also sold to other OEMs of commercial vehicles and off-highway vehicles. BorgWarner also manufactures and sells its products to certain Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an original equipment supplier to every major automotive OEM in the world. BorgWarner was formed in 1987 and is based in Auburn Hills, Michigan.


DEAL STATS #
Overall 8 of 8
Sector (Automotive) 6 of 6
Type (Divestiture) 7 of 7
State (Michigan) 3 of 3
Country (United States) 5 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Enexor BioEnergy LLC

Franklin, Tennessee, United States

Enexor BioEnergy provides on-site, renewable energy and carbon conversion solutions to help solve the world’s organic waste and plastic waste problems. Enexor BioEnergy is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Santroll - eMotor business

Tianjin, China

Santroll's eMotor business strengthens BorgWarner’s vertical integration, scale, and portfolio breadth in light vehicle e-motors while allowing for increased speed to market. Santroll's eMotor business is based in Tianjin, China.

Buy -