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Announced

14 Feb 2020

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

Synopsis

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

Principals

target

Poppe Veritas

bidder

American Industrial Acquisition Corporation

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Market Context

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Seller Team (8)

matthias haberle

CEO at POPPE VERITAS

Manager

target

Deal

£ 165 M

Total Value

martin suter

Managing Director at Rothschild & Co

Financial Advisor

target

Deals

£ 26.10 B

Total Value

henning block

Director at Rothschild & Co

Financial Advisor

target

Deals

£ 16.27 B

Total Value

henrik voss

Managing Director at Rothschild & Co

Financial Advisor

target

Deals

£ 196 M

Total Value

tobias hoffmann becking

Director at Rothschild & Co

Financial Advisor

target

Deals

£ 1.72 B

Total Value

henning würz

Rothschild & Co

Financial Advisor

target

Deals

£ 600 M

Total Value

fabian schaale

Rothschild & Co

Financial Advisor

target

Deal

£ 165 M

Total Value

christoph behm

Associate at Rothschild & Co

Financial Advisor

target

Deal

£ 165 M

Total Value

Bidder Team (1)

leonard levie

Chairman at AMERICAN INDUSTRIAL ACQUISITION CORPORATION

Investor

bidder

Deals

£ 165 M

Total Value

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