Automotive

We represent many leaders in the automotive field and funds and financial institutions that are investing in this sector. Our clients include FIAT, Renault S.A., United Auto Group, Safelite Glass, Japan Automobile Manufacturers Association,  Mazda North America Operations, Yamaha Motor Corp., Autozone and Dale Earnhardt, Inc.

We represent many leaders in the automotive field and funds and financial institutions that are investing in this sector. Our clients include FIAT, Renault S.A., United Auto Group, Safelite Glass, Japan Automobile Manufacturers Association,  Mazda North America Operations, Yamaha Motor Corp., Autozone and Dale Earnhardt, Inc.

Business Reorganization and Restructuring

  • Bronx Parking Development Company, LLC: Represent the operator of the parking system servicing Yankee Stadium in connection with the restructuring of its roughly $237.5 million in tax-exempt bonds.

    Law Debenture Trust Company of New York: Represented the bank as indenture trustee, in the Visteon Corporation chapter 11 cases.

    Proliance International: Represented Silver Point Finance, LLC, a major prepetition secured lender, in Proliance International’s chapter 11 cases.

    Teksid: Represented TK Aluminum Ltd. and affiliated entities in an out-of-court restructuring involving multiple sale and restructuring transactions that were global in reach.

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Capital Markets and Finance

  • ATESTEO: Represented 3i-backed ATESTEO with respect to €70 million refinancing/recapitalization.

    Feu Vert: Represented Feu Vert, the European leader in automotive equipment and maintenance, and its majority shareholder, Qualium Investissement, in Feu Vert’s €250 million refinancing.  

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Litigation

  • Yamaha Motor Corp.: Represented Yamaha in various litigation, including:

    • Yamaha Motor Company, Ltd. v. Bombardier, Inc.
    • Yamaha Motor Corp., U.S.A.: Defeated putative class action against client alleging breach of contract, breach of warranty, and Ohio statutory claims arising from certain recall notices.
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Mergers & Acquisitions, PE & VC Investments, Joint Ventures and Other Business Combinations

  • 3i/ATESTEO: Advised 3i on the sale of ATESTEO, an international drivetrain testing specialist, to IHO Holding GmbH & Co. KG, a holding company of the Schaeffler family.

    3i/Hilite International: Advised 3i on its sale of Hilite International Inc., a leading global supplier of highly engineered automotive engine and transmission components.

    3i/Formel D: Represented 3i Group plc in its agreement to invest up to €247 million in Formel D GmbH, a Germany-based global service provider to the automotive and component supply industry.

    3i/Global Transmission Testing Company: Represented 3i Group PLC in a €77 million investment in Global Transmission Testing Company, a leading international specialist in transmission testing.

    Ardian/Weber Automotive GmbH: Represented Ardian in its acquisition of a majority interest in Weber Automotive GmbH, one of the global leaders in the vehicle supply industry.

    Bpifrance/Peugot SA: Represented Bpifrance in its €1.92 billion acquisition of a 12.7 percent stake in French automaker Peugeot SA from the French State.

    Dexter Axle Company/AL-KO VT: Represented Dexter Axle Company, a portfolio company of The Sterling Group, on its acquisition of AL-KO Vehicle Technology from AL-KO Kober SE.

    Flex-N-Gate/Plastic Omnium Businesses: Represented Flex-N-Gate Group, a global automotive supplier, in its acquisition of seven European manufacturing plants – four in France, one in Spain and two in Germany – from France-based Plastic Omnium.

    Macquarie Group/Advantage Funding:  Advised Macquarie Group Limited in its deal to acquire Advantage Funding Management Co., Inc., a  leading commercial vehicle finance firm, from Marubeni Group.

    Seven Mile Capital Partners/Microporous Products: Represented Seven Mile Capital Partners in its acquisition of automotive battery separators producer Microporous Products from Polypore International Inc.

    Westport/Fuel Systems Solutions: Represented Westport in its merger with Fuel Systems Solutions to create a premier alternative fuel vehicle and engine company.

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Other Significant Matters

  • Arcadia Financial Corp.: Represented the board of Minneapolis-based car-financing company Arcadia in various corporate governance matters.

    Dale Earnhardt, Inc.: Provided senior executive and executive team representation for Dale Earnhardt, Inc.

    PSA Finance: Represented the French State in connection with a matter before the European Commission regarding receiving approval to provide State aid to rescue the PSA group in the form of a temporary guarantee.

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