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Announced

16 Nov 2022

BorgWarner to invest $500m in Wolfspeed.

Synopsis

BorgWarner, a provider of innovative and sustainable mobility solutions for the vehicle market, agreed to invest $500m in Wolfspeed, a Silicon Carbide technology company. "Silicon carbide-based power electronics play an increasingly important role for our customers as our electric vehicle business continues to accelerate," Frédéric Lissalde, BorgWarner President and CEO.

Principals

target

Wolfspeed (ex-cree)

bidder

Borgwarner

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Market Context

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Seller Team (4)

melinda walker

Communications Director at WOLFSPEED INC (EX-CREE)

Manager

target

Deals

£ 520 M

Total Value

tyler gronbach

Investors Relations Director at WOLFSPEED INC (EX-CREE)

Manager

target

Deals

£ 753 M

Total Value

gregg lowe

CEO at WOLFSPEED INC (EX-CREE)

Manager

target

Deals

£ 753 M

Total Value

neill reynolds

CFO at WOLFSPEED INC (EX-CREE)

Manager

target

Deals

£ 654 M

Total Value

Bidder Team (7)

pat nolan

Investors Relations Director at BORGWARNER INC

Manager

bidder

Deal

£ 422 M

Total Value

arielle rothstein

Managing Director at Joele Frank

PR Consultant

bidder

Deals

£ 296.63 B

Total Value

michelle collins

Communications Director at BORGWARNER INC

Manager

bidder

Deals

£ 3.61 B

Total Value

kevin nowlan

CFO at BORGWARNER INC

Manager

bidder

Deals

£ 4.65 B

Total Value

frederic lissalde

President and CEO at BORGWARNER INC

Manager

bidder

Deals

£ 4.90 B

Total Value

clayton erwin

Director at Joele Frank

PR Consultant

bidder

Deals

£ 51.26 B

Total Value

jamie moser

Partner at Joele Frank

PR Consultant

bidder

Deals

£ 294.44 B

Total Value

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