Allens is acting for leading Australian private equity firm Pacific Equity Partners (PEP) on the AU$744.6 million sale of automotive parts manufacturer AutoPacific Group to GUD Holdings.
AutoPacific Group is a supplier of towing, functional accessories and trailering products and has operations in Australia, New Zealand and Thailand. Allens previously advised PEP on its acquisition of the business from Horizon Global Corporation for approximately $340 million in September 2019.
'We congratulate our long-standing client Pacific Equity Partners on the sale of AutoPacific Group, having advised PEP on the initial acquisition and subsequent bolt-on transactions,' said lead Partner Noah Obradovic.
'AutoPacific Group is a high quality business and market leader in the segment of making tow bars, roof racks, nudge bars and trailer parts for four-wheel drives, utes and SUVs. This is a significant acquisition for GUD Holdings Limited and we wish them all the best with this acquisition'.
The deal is subject to limited conditions and is expected to complete on 4 January 2022.
Allens legal team
Noah Obradovic (lead Partner), Tom Story (Partner), Joy Yoon (Senior Associate), James Nguyen (Senior Associate), Alex Selig (Associate), Bryanna Workman (Lawyer)
Banking and Finance
Mark Kidston (Partner)
Sikeli Ratu (Partner)
Joel Barrett (Partner), Paul Mersiades (Associate)
Annabelle Aland (Partner), Marija Stavric (Associate)
Technology, Media and Telecommunications
David Rountree (Managing Associate)
Product Liability and Safety
Jenny Campbell (Partner)
Anti-Bribery and Corruption Compliance
Dora Banyasz (Counsel), Andrew Wilcock (Senior Associate), Rachel Walters (Associate)
Kerensa Sneyd (Partner), Gemma Freeman (Associate)