Paris, September 7, 2021 - Global law firm Dentons has successfully advised long-standing client Faurecia, one of the world’s largest automotive equipment suppliers, on a €5,5 billion bridge facility in relation to the public tender cash offer for Hella and the acquisition from the family pool of its 60 percent stake in Hella. The significant transaction represents an estimated total enterprise value of €6.7 billion for 100% of Hella.
The combination of Faurecia and Hella will create the world's seventh largest automotive supplier, and a fast-growing global leader in automotive technologies.
Faurecia is currently one of the world's 10 largest automotive equipment suppliers by revenue, with more than 114,000 employees and operations in 35 countries. Faurecia is a global leader in its four areas of business: seating, interiors, Clarion Electronics and clean mobility.
HELLA is an independent, family-owned company, listed on the Frankfurt stock exchange, which develops and manufactures lighting and electronics components and systems for the automotive industry.
Paris-based Banking and Finance partner Philippe Max led Dentons’ legal team on the deal. The cross-border team also comprised partner Guillaume Kessler (Equity Capital Markets/Corporate) and associate Steeve Jaskierowicz (Banking and Finance) in Paris, as well as partner David Cohen (Capital Markets), partner Will Turner (Banking and Finance) and associate Niharika Khimji (Capital Markets) in London.
Philippe Max commented, “Dentons has supported Faurecia on their high-value financing work for a number of years, and so we are delighted to have assisted our loyal client on the financing for this strategic acquisition - one of the most important global deals in recent months.”