Club Car to Acquire Danish Electric Vehicle Manufacturer Garia

April 28, 2022

Willkie served as financing counsel to Platinum Equity and portfolio company Club Car on the transaction.

On April 9, Willkie client Club Car, a portfolio company of Platinum Equity, announced that it entered a definitive agreement to acquire Garia A/S, a Denmark-based manufacturer of electric low-speed vehicles for the utility, consumer and golf markets, from Lars Larsen Group.

Willkie advised Platinum Equity and Club Car in connection with debt financing for the acquisition.

Garia manufactures luxury golf and leisure cars that combine elevated performance and Scandinavian design. The company launched Garia Utility in 2015, a growing line of compact vehicles for utility applications, including public sector, facility management, leisure and outdoor, and last-mile delivery. The acquisition also includes Melex, a Poland-based manufacturer of lightweight utility vehicles that Garia acquired 2021.

Willkie previously served as financing counsel to Platinum Equity in its acquisition of Club Car.

Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world.

The Willkie team was led by partners Cristopher Greer, P. Joshua Deason and Jason Pearl and included associates Michael Arena, Melissa Doura and Chetan Tripathy.