Cerberus Capital sold Reydel Automotive to Samvardhana Motherson Automotive Systems Group for $201m.

Cerberus Capital sold Reydel Automotive, which designs, develops, industrializes, and manufactures complete and functional modular interior systems for cars, to Samvardhana Motherson Automotive Systems Group for $201m. "Reydel was a successful partnership that leveraged Cerberus's experience with global automotive businesses, highly complex corporate carve-outs, and operational turnarounds," said Dev Kapadia, Senior Managing Director of Cerberus and Co-Chair of the Cerberus Private Equity Investment Committee. "We were able to transform Visteon's global automotive interior business into a standalone, leading global supplier of interior components in the automotive industry. We are pleased to complete the sale to Samvardhana Motherson Automotive Systems Group, a strategic combination that positions Reydel for its next stage of growth."