M&A Deal Summary

Pacific Equity Partners Acquires Horizon Global - Asia-Pacific Business Segment

On August 16, 2019, private equity firm Pacific Equity Partners acquired automotive company Horizon Global - Asia-Pacific Business Segment from Horizon Global for 340M AUD

Acquisition Highlights
  • This is Pacific Equity Partners’ 1st transaction in the Automotive sector.
  • This is Pacific Equity Partners’ 13th largest (disclosed) transaction.
  • This is Pacific Equity Partners’ 2nd transaction in the United States.

M&A Deal Summary
Date 2019-08-16
Target Horizon Global - Asia-Pacific Business Segment
Sector Automotive
Buyer(s) Pacific Equity Partners
Sellers(s) Horizon Global
Deal Type Divestiture
Deal Value 340M AUD

Target

Horizon Global - Asia-Pacific Business Segment

United States
Horizon Global's Asia-Pacific Business Segment is a manufacturer and distributor of automotive products.

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Buyer(S) 1

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 27 of 35
Sector (Automotive) 1 of 2
Type (Divestiture) 9 of 10
Country (United States) 2 of 2
Year (2019) 2 of 3
Size (of disclosed) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Evolution Healthcare

Wellington, New Zealand

Evolution Healthcare is a provider of private hospitals and rehabilitation services in New Zealand and Australia. The company focus on improving the management of private healthcare facilities by attracting and training the best talent, partnering with medical professionals, and healthcare providers to offer patients excellence in healthcare. Evolution Healthcare was founded in 2011 and is based in Wellington, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Hayman Reese

Dandenong South, Australia

Hayman Reese is a producer of towing solutions and related vehicle accessories in Australia and New Zealand, with manufacturing facilities in Melbourne, Auckland, and Thailand. Hayman Reese was founded in 1951 and is based in Dandenong South, Australia.

Buy -

Seller(S) 1

SELLER

Horizon Global

Plymouth, Michigan, United States
Category Company
Founded 2015
Sector Automotive
Revenue 782M USD (2021)
DESCRIPTION

Horizon Global is a designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and OE channels. Horizon Global was founded in 2015 is based in Plymouth, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Westfalia-Automotive

Rheda-Wiedenbrück, Germany

Westfalia-Automotive GmbH is a manufacturer of towbars, wiring kits and carrier systems for cars and light utility vehicles with an international presence.

Buy €89M
Mergr

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