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New Deal


Announced

STARK to acquire the automotive standard and special cables business of Leoni for $567m.

Financials

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Transaction Value£474m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Majority

cables

Cross Border

equipment wiring supplies

Friendly

Acquisition

Pending

Germany

Machinery: Specialty

Single Bidder

Synopsis

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STARK, a holding company, agreed to acquire the automotive standard and special cables business of Leoni, a wire and cable manufacturer, for $567m. “We know STARK Corporation as a very reputable supplier of cable products - and this was confirmed in very constructive discussions with STARK Corporation's leadership, which were characterised by mutual respect and appreciation. I am confident that with STARK Corporation, BG AM will begin the next chapter of success in its history,” Aldo Kamper, Leoni CEO.

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