M&A Deal Summary

AVIC Electromechanical Co Acquires Hilite International

On May 29, 2014, AVIC Electromechanical Co acquired automotive company Hilite International from 3i Private Equity for 473M EUR

Acquisition Highlights
  • This is AVIC Electromechanical Co’s 1st transaction in the Automotive sector.
  • This is AVIC Electromechanical Co’s largest (disclosed) transaction.
  • This is AVIC Electromechanical Co’s 1st transaction in the United States.
  • This is AVIC Electromechanical Co’s 1st transaction in Ohio.

M&A Deal Summary
Date 2014-05-29
Target Hilite International
Sector Automotive
Buyer(s) AVIC Electromechanical Co
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition
Deal Value 473M EUR

Target

Hilite International

Cleveland, Ohio, United States
Hilite manufactures hydraulic drives and timing systems for the automotive industry. The products are used in engines, transmissions and exhaust systems for passenger cars and commercial vehicles. Hilite manufactures progressive powertrain products and emission systems that help to improve fuel consumption and to reduce emissions. Its customers include leading international car and truck manufacturers.

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Buyer(S) 1

Buyer

AVIC Electromechanical Co

Hubei, China
Category Company
Sector Electrical Equipment
DESCRIPTION

AVIC Electromechanical Systems Co., Ltd. manufactures and markets precision punching products, including angle modulation devices for auto seats, sliding rails, seat lifting devices, and other related products.

DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Kokinetics

Kriftel, Germany

Kokinetics supplies the automotive industry with seat and transmission technologies. Kokinetics is based in Kriftel, Germany.

Buy -

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 153 of 194
Sector (Automotive) 3 of 4
Type (Add-on Acquisition) 45 of 61
State (Ohio) 1 of 2
Country (United States) 10 of 14
Year (2014) 3 of 10
Size (of disclosed) 24 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Unipart Group of Companies

Oxford, United Kingdom

The Unipart Group of Companies (UGC) is one of Europe's independent logistics, automotive parts and accessories companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-23 Elsan

Paris, France

Elsan is a healthcare services provider operating 128 clinics treating more than 2 million patients every year. Elsan specializes in medicine, surgery, obstetrics, and other medical services (dialysis, post-acute rehabilitation, imaging & radiotherapy, and home hospitalization). Elsan was founded in 2000 and is based in Paris, France.

Sell -
Mergr

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