6 minute read

Ranked by value of transaction

1 FORVIA Auburn Hills (North America HQ) HELLA Northville (US HQ) Lazard, Berenberg and J.P. Morgan ( nancial advisers); White & Case (legal adviser) Perella Weinberg Partners ( nancial adviser); Fresh elds Bruckhaus Deringer (legal adviser); Perella Weinberg Partners ( nancial adviser); Fresh elds Bruckhaus Deringer (legal adviser)

Closed Jan. 2022 Sold by: Hella. Faurecia (Forvia) completed its acquisition of a controlling stake in lighting supplier Hella in a 5.3 billion euro ($5.95 billion) deal that is one of the biggest in the European automotive supply chain deals in the past three years.

Advertisement

$5,950.0

2 CUMMINS INC. Columbus, Ind. MERITOR INC. Troy Mayer Brown LLP (Legal Advisor); Morgan Stanley & Co. LLC (Financial Advisor) Innisfree M&A Inc. (Information Agent); Wachtell, Lipton, Rosen & Katz LLP (Legal Advisor); J.P. Morgan Securities LLC (Fairness Opinion Provider); J.P. Morgan Securities LLC (Financial Advisor);

WIND RIVER SYSTEMS INC. Alameda, Calif. Covington & Burling LLP (Legal Advisor); Goldman Sachs & Co. LLC (Financial Advisor); Paul, Weiss, Rifkind, Wharton & Garrison LLP (Legal Advisor)

WHIRLPOOL CORP. Benton Harbor INSINKERATOR INC. Racine , Wis. Wachtell, Lipton, Rosen & Katz LLP (Legal Advisor); Greenhill & Co. LLC (Financial Advisor)

5 STRYKER CORP.

Kalamazoo VOCERA COMMUNICATIONS INC.

San Jose, Calif.

6 GENERAL MOTORS CO. Detroit GM CRUISE HOLDINGS LLC San Francisco

Ropes & Gray LLP (Legal Advisor); Morgan Stanley & Co. LLC (Financial Advisor); BofA Securities Inc. (Financial Advisor)

The Goldman Sachs Group Inc. (NYSE:GS) (Financial Advisor); Davis Polk & Wardwell LLP (Legal Advisor)

Skadden, Arps, Slate, Meagher & Flom LLP (Legal Advisor); Innisfree M&A Inc. (Information Agent); Computershare Trust Co., National Association (Depository Bank)

Paul, Weiss, Rifkind, Wharton & Garrison LLP (Legal Advisor); Moelis & Co. (NYSE:MC) (Financial Advisor)

Fenwick & West LLP (Legal Advisor); Evercore Group L.L.C. (Fairness Opinion Provider); Evercore Group L.L.C. (Financial Advisor)

Weil, Gotshal & Manges LLP (Legal Advisor)

Closed Aug. 2022 Sold by: BlackRockInc.The Vanguard GroupInc.; Glenview Capital Management LLC; T. Rowe Price AssociatesInc.; Magnetar Financial LLC. Cummins Inc. (NYSE:CMI) completed the acquisition of Meritor Inc.from a group of shareholders on August 3, 2022. As a result of completion, Meritor will operate as a wholly owned subsidiary of Cummins Inc.

Closed Dec. 2022 Sold by: TPG Capital, L.P.. Aptiv PLC entered into an agreement to acquire Wind River Systems Inc. from TPG Capital, L.P. for $4.3 billion on Jan. 11, 2022.

Closed Oct. 2022

Sold by: Emerson Electric Co. (NYSE:EMR). Whirlpool Corp. agreed to acquire InSinkErator Inc. from Emerson Electric Co.for $3 billion on Aug. 7, 2022. InSinkErator's trailing twelve-month revenue, as of March 31, 2022, was $595 million, pretax earnings were $148 million and EBITDA was $166 million. InSinkErator is expected to operate as a separate business as part of Whirlpool Corp.'s North America Region. InSinkErator will maintain its headquarters in Mount Pleasant , Wis.

Closed Feb. 2022 Stryker Corp. signed a de nitive agreement to acquire Vocera Communications Inc. (for $3 billion on Jan. 6, 2022. Under the terms of the merger agreement, Stryker will commence a tender o er for all outstanding shares of common stock of Vocera for $79.25 per share, net to the seller in cash, without interest, and subject to withholding taxes required by applicable law.

Closed March 2022

Sold by: SoftBank Investment Advisers (UK) Limited. General Motors Co.entered into an agreement to acquire additional unknown stake in GM Cruise Holdings LLC from SoftBank Vision Fund

L.P., a fund managed by SoftBank Investment Advisers (UK) Limited and certain a liates for $2.1 billion on March 17, 2022. Separately, General Motors Co. will make an additional $1.35 billion investment in Cruise in place of SoftBank. Upon the successful completion of the transactions, General Motors shall own approximately 80 percent stake while SoftBank will no longer have an ownership stake in or have any rights with respect to GM Cruise Holdings.

$3,500.0

$3,808.4 3 APTIV PLC Troy (North America HQ)

$3,000.0

$2,987.7

$2,100.0

Chatillon, France

7 PERRIGO COMPANY PLC Grand Rapids HRA PHARMA

Centerview Partners; Wachtell, Lipton, Rosen & Katz; Darrois Villey Maillot Brochier

TENNECO INC. Skokie, Ill. Rothschild & Co ( nancial); Wachtell, Lipton, Rosen & Katz (legal)

Citigroup Inc. (NYSE:C) (Financial Advisor); Sidley Austin LLP (Legal Advisor); Baker & Mckenzie Partnerschaft Von Rechtsanwalten Wirtschaftsprufern,Steuerberatern Und Solicitors (Legal Advisor)

Sawaya Partners; Goldman Sachs Investment Banking Division; Rothschild & Co; Latham & Watkins LLP; Dechert LLP;

Lazard ( nancial); Latham & Watkins LLP (legal); Lazard

Evercore Inc. (NYSE:EVR) (Financial Advisor); Baker Botts L.L.P. (Legal Advisor); Davis Polk & Wardwell LLP (Legal Advisor); Morgan Stanley & Co. LLC (Financial Advisor)

Closed May 2022 Sold by: Astorg and Goldman Sachs Asset Management.

In May 2019, Perrigo embarked on a three-year journey to transform from a healthcare company into a focused consumer self-care company. This transformation included 12 di erent transactions, with the 2022 acquisition of HRA being the crowning jewel, returning Perrigo to its self-care roots. Perrigo's acquisition of HRA adds scale in key European markets - signi cantly strengthening Perrigo's global footprint - while providing signi cant operational synergies.

$1,900.0

Closed Nov. 2022

Announced Dec. 2022

BURKE

Sold by: Tenneco. Apollo completed the purchase of Tenneco as announced Nov. 17, 2022

Sold by: Veoneer Inc.. Magna Electronics Inc. entered into an agreement to acquire Active Safety business from Veoneer Inc. for $1.5 billion on Dec. 20, 2022. Under the deal, Veoneer Active Safety business will be combined with Magna Electronics. Veoneer Active Safety's employees will be joining the Magna family. The transaction is expected to close near mid-year 2023.

$1,600.0

$1,525.0

EC Mergers & Acquisitions (Financial Advisor) Robert W. Baird Limited (Financial Advisor); Skadden, Arps, Slate, Meagher & Flom LLP (Legal Advisor)

NA NA

12 MANULIFE INVESTMENT MANAGEMENT; CAPITAL POWER CORP. MIDLAND COGENERATION VENTURE LIMITED PARTNERSHIP Midland NA Torys

13 FORD OTOSAN NETHERLANDS B.V. Schiphol, Noord-Holland,

14 TRISUMMIT UTILITIES INC.

Calgary, Alberta, Canada

FORD ROMANIA SA Bucharest, Romania

NA

NA

ALASKA PIPELINE CO./ENSTAR NATURAL GAS CO./COOK INLET NATURAL GAS STORAGE/ NORSTAR PIPELINE United States

15 APTIV PLC Troy (North America HQ) INTERCABLE AUTOMOTIVE SOLUTIONS S.R.L. Brunico, Bolzano, Italy

Latham & Watkins LLP (Legal Advisor); Stikeman Elliott LLP (Legal Advisor); CIBC World Markets Inc. (Financial Advisor); Deloitte LLP (Accountant)

Torys LLP (Legal Advisor); RBC Capital Markets LLC (Financial Advisor); Scotiabank Inc. (Financial Advisor)

Closed Aug. 2022

Announced Nov. 2022 M2 Capital Partners International Holdings Limited has made an o er to acquire Superior Industries International Inc.for approximately $160 million on November 11, 2022. M2 Capital Partners will commence a tender o er on November 11, 2022, to acquire 100% of the outstanding shares of Superior Industries International for $5.85 cash per share.

Closed Sept. 2022 Sold by: OMERS Infrastructure Management Inc.. Capital Power Corp. (TSX:CPX) and Manulife Infrastructure Fund II, L.P., managed by Manulife Investment Management signed an agreement to acquire Midland Cogeneration Venture Limited Partnership from OMERS Infrastructure Management Inc. and others for approximately $890 million on July 12, 2022. Capital Power and Manulife will assume $521 million of project level debt as a part of consideration.

Sold by: Ford Motor Co.; Ford Capital B.V. Ford Otosan Netherlands B.V completed the acquisition of Ford Romania SA from Ford Capital B.V. and Ford Motor Co.for €770 million on July 1, 2022. As per the terms of the transaction, rst installment has been calculated and paid as €406 million after taking into consideration net debt, net working capital and Next Generation Courier investments based on estimated June 30, 2022 nancial statements. €196 million will be paid including interest in June 2025 and €23 million will be paid including interest in December 2028 and also depending on the expected capacity utilization rate of the Romania plant for the years 2028-2034 an additional payment of up to €140 million can be made.

$975.0

$1,100.0 SUPERIOR INDUSTRIES INTERNATIONAL INC. South eld

$818.6

Announced

May 2022

Sold by: SEMCO Energy Inc.. TriSummit Utilities Inc. entered into a de nitive agreement to acquire Alaska Pipeline Co., ENSTAR Natural Gas Co., NORSTAR Pipeline Co. Inc., and 65% stake in Cook Inlet Natural Gas Storage (Alaskan Utilities) from SEMCO Energy Inc. for $800 million on May 25, 2022. Fully committed nancing from the company's indirect shareholders for all funds necessary is already in place. The company's expects the permanent nancing of the transaction to be approximately 50-55 percent common equity with the remaining nancing to be in the form of long-term debt. Buyer shall pay to vendor a fee equal to 4% of the base purchase price in case of termination.

$800.0

Cli ord Chance LLP (Legal Advisor); Goldman Sachs & Co. LLC (Financial Advisor)

BNP Paribas SA (ENXTPA:BNP) (Financial Advisor); NCTM Studio Legale Associato (Legal Advisor)

Closed Dec. 2022

Sold by: INTERCABLE srl. Aptiv PLC completed the acquisition of an 85% stake in Intercable Automotive Solutions S.R.L. from INTERCABLE srl on Dec. 1, 2022. The transaction is valued at approximately €595.

$595.4

This article is from: