Ford Motor Considers Going Private
Ford Motor is considering taking the company private, a move that could give the ailing automaker time to restructure operations outside the glare of critics, a source with direct knowledge of the discussions said Wednesday. With Ford’s shares closing at an anemic $7.76, going private could cost interested parties as little as $13.34 billion.
Equity Firm Calls Off Titan Buyout
Just as suddenly as it came up, One Equity Partners has ended its quest to acquire Titan International Inc. One Equity Partners made an $18 per share offer last October, a move opposed by one of Titan’s largest shareholders but supported by the company’s board. Titan had no specific comment on One Equity Partners’ withdrawal, but said it would continue to focus on integrating its recently acquired agricultural tire business and plant in Freeport, IL. Titan acquired the business from Goodyear Tire & Rubber Co.
GPX Sells Part of Business to Equity Firm
No sooner had the ink dried on the merger of Galaxy Tire & Wheel and Dynamic Tire Corp. than the combined company – GPX International Tire Corp. – sold a share of the company to private equity firm Sterling Investment Partners for a reported $41 million.
Statement Says Hercules Getting Equity Group Help
A press statement issued yesterday by FdG Associates, a private equity company based in New York City, indicated that it is assisting Hercules Tire & Rubber Co. to “recapitalize its business in partnership with management.”
Magna to Take Auto Parts Subsidiaries Intier, Decoma and Tesma Private
Magna International Inc. has made a $1.3-billion bid to take its three publicly traded auto parts subsidiaries private in a move the company says will help it win business from Japanese and South Korean carmakers.
Welcome to the Schwartz Advisors Report!
Watch episode 1 in which CEO Rick Schwartz discusses the reason why private equity entered the automotive aftermarket.
Why the Aftermarket is a Tantalizing Investment Opportunity
The automotive aftermarket will likely continue to be a compelling investment target for private equity.
MPA Announces Strategic Convertible Note Investment
Co-founder of private equity firm joins board.
NaaS Technology Names Alex Wu as CFO, President and Director
Prior to joining NaaS, Wu served as a managing director of Bain Capital Private Equity.
Covercraft Acquires Lloyd Mats
This acquisition is the first completed under Covercraft’s new ownership, Audax Private Equity.
