Law firm Paul Hastings has advised the Weber family on the sale of a majority interest in Weber Automotive to the independent private equity fund Ardian.
The transaction was signed after undergoing a competitive bidder process in which Ardian emerged as highest bidder.
The parties have agreed not to disclose the economic details of the transaction, which is subject to the approvals of antitrust authorities.
Given the global activities of Weber Automotive and its subsidiaries in Europe, the US and Asia, the further involvement of the Weber Family post-closing, and a very strong international tax and real estate implications in addition to the M&A/PE elements, the transaction had a high level of complexity.
A capital increase will be conducted which will provide Weber Automotive with significant additional funds for further growth in order to promote the internationalisation of its business and to further strengthen its market position.
