• ASSA ABLOY

  • Sector: automotive
  • Client: ASSA ABLOY
  • Year: 2016
  • Deal value: EUR 17 mil.
  • Rothschild, assisted by CORPIN, acted as the exclusive financial advisor to ASSA ABLOY in relation to disposal of its entire Car Lock business, head-quartered in Týniště nad Orlicí, Czech Republic, with operations in Germany, Mexico, China and Switzerland.
  • The Car Lock business, which achieved sales of €60m in 2015 and employs approximately 450 people, was sold to the Japanese automotive parts maker ALPHA Corporation after a successful competitive two-stage auction process, which was framed in a challenging state at one of the businesses’ key customers - a large European automotive group.