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New Deal

New Deal

Announced

14 Feb 2020

AIAC terminated its $215m acquisition of Poppe-Veritas.

Financials

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Transaction Value£165m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Poppe Veritas

American Industrial Acquisition Corporation

bidder

American Industrial Acquisition Corporation

Sources

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Tags

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Pending

Majority

Automobiles

Friendly

automotive

Acquisition

Single Bidder

Germany

Private

Private Equity

Synopsis

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AIAC terminated its $215m acquisition of Poppe-Veritas, a provider of sealing and connector systems for automotive and industrial applications.

Service Providers (1)

Dealmakers

financial advisors

Rothschild & Co

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