Announced
Completed
Financials
Tags
interior components
Auto Parts
France
Disposal
Private
Friendly
vehicle components
Completed
Private Equity
Synopsis
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."
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.