Lincoln International LLP (“Lincoln International”), a leading global mid-market investment bank has advised on the sale of Stadco Automotive Limited (“Stadco” or the “Company”) to Magna International Inc. (“Magna”). Terms of the transaction were not disclosed and closing of the transaction is subject to regulatory approval.
Stadco is a major international supplier of Body-In-White (“BIW”) products and services to a range of automotive OEM’s including Jaguar Land Rover, Ford Motor Company and General Motors. The Company has industry leading expertise in the supply of aluminium stampings and is the largest independent tier one BIW supplier in the UK with four facilities. Stadco has a further facility in Germany which is a major supplier of complex assemblies to Ford. In total, the Company employs c. 1,400 staff.
Greg MacLeod, Chief Executive Officer, Stadco said: “We hired Lincoln because of their depth of expertise in the automotive industry and their relationships with strategic acquirers in the stamping space. This transaction represents exactly what we wanted to achieve for Stadco: the transition of the business to a new owner with greater ability to support the future growth of the business. The acquisition by Magna will provide further opportunities for the business and our employees to flourish and marks the start of an exciting new period in the company’s development”.
The transaction is expected to close in the fourth quarter of 2015 and is subject to a number of customary conditions, including regulatory approvals.
About Lincoln International and its Global Automotive & Truck Group
Lincoln International specialises in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
Lincoln International’s Global Automotive & Truck Group specialises in automotive component transactions in the mid-market. The group’s highly integrated, international team of M&A professionals has extensive experience advising the leading Tier I suppliers in the industry, as well as privately-held and private equity owned companies supplying automotive components, systems and services. Lincoln International’s Global Automotive & Truck Group has now advised on well over 75 transactions since the beginning of 2010. Selected corporate clients of Lincoln International in the automotive and truck industry include Alcoa, Amerigon, Bosch, Cummins, Daimler, Delphi, Freudenberg, Johnson Controls, Trelleborg, Tyco Electronics, Valeo and Wanxiang.
More information about Lincoln International can be obtained at www.lincolninternational.com
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