M&A Deal Summary

Adient Acquires Futuris Global Holdings

On August 21, 2017, Adient acquired automotive company Futuris Global Holdings from Clearlake Capital

Acquisition Highlights
  • This is Adient’s 1st transaction in the Automotive sector.
  • This is Adient’s 1st transaction in Australia.

M&A Deal Summary

Date 2017-08-21
Target Futuris Global Holdings
Sector Automotive
Buyer(s) Adient
Sellers(s) Clearlake Capital
Deal Type Add-on Acquisition

Target

Futuris Global Holdings

Port Melbourne, Australia
Futuris Automotive Group Ltd. designs, manufactures, and supplies automotive components and systems including seating systems, seat hardware, carpet systems, steering assemblies, pedal box modules, window regulators, and other automotive mechanisms for rail, mining and industrial equipment, and heavy transport applications.

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Buyer(S) 1

Buyer

Adient

Dublin, Ireland

Category Company
Founded 2016
Sector Automotive
Employees70,000
Revenue 14.7B USD (2024)
DESCRIPTION

Adient is a manufacturer of automotive seating with 230 manufacturing/assembly plants worldwide. The company produces and delivers automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, its expertise spans every step of the automotive seat-making process. Adient's integrated, in-house skills allow it to take products from research and design all the way to engineering and manufacturing. Adient was founded in 2016 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 Adient - Automotive Fabric Business

Dublin, Ireland

Adient plc's Automotive Fabric Business comprises automotive fabric manufacturing and lamination business.

Sell $175M

Seller(S) 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 16 of 39
Sector: Automotive M&A 1 of 4
Type: Add-on Acquisition M&A Deals 6 of 14
Country: Australia M&A 1 of 1
Year: 2017 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 JetSmarter

Fort Lauderdale, Florida, United States

JetSmarter, Inc. is a technology company known for creating a new class of flying called social aviation, which pairs the practice of purchasing low cost empty legs and underutilized capacity with the sharing economy. Its asset-lite approach allows JetSmarter to substantially reduce costs, making private aviation available to more consumers and businesses. JetSmarter is the world’s largest marketplace for private aviation, with over 670,000 registered app users, 10,000 members, and connectivity to 3,200 aircraft, and has transported over 40,000 unique passengers since inception. The investment will enable JetSmarter to accelerate growth by continuing to launch new products and routes globally and by increasing supply on existing routes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Calero Software

Rochester, New York, United States

Calero Software is a provider of communications lifecycle management (CLM) solutions designed to turn communication data into actionable insight by simplifying the management of voice, mobile and other unified communications services and assets. Calero Software is based in Rochester, New York.

Sell -