Announced
Financials
Sources
Tags
thermal solutions
Pending
Auto Parts
South Korea
thermal management
Cross Border
Friendly
Private Equity
Majority
Tender Offer
Public
Acquisition
Synopsis
Two private equity firms, Carlyle Group and Bain Capital and Mahle, an auto supplier, offered to acquire a 70% stake in Hanon Systems, a thermal and energy management solutions provider, from Hahn & Co, a private equity house, and Hankook, a company engaged in automobile parts industry, for $5.8bn. Hanon Systems, the world’s second-largest supplier of auto thermal management systems, reported revenue of $6.08bn and operating profit of $278m last year.
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