KPMG Deal Advisory acted as the lead M&A advisor in connection with the disposal of the majority shareholding in c2i, a Slovak composite components producer for Automotive and Aerospace sector, to Korean conglomerate LG Hausys.
Details of the transaction
c2i
c2i , a company established by Mr. Patrick Hessel in Dunajska Streda, is among the leading carbon-fibre thermoset components for automotive and aerospace producers in Europe. Since the factory opening in 2006, the company has become one for the most innovative and growing carbon-fibre parts producers serving well-established companies such as BMW, Porsche, Bentley, Jaguar Land Rover and B/E Aerospace. The company generated a turnover of €23 mil. employing 450 people in 2016.
LG Hausys
LG Hausys, a subsidiary of Korean conglomerate LG, is built on a long-lasting tradition in production of chemical substances and materials with application in wide range of industries such as automotive, construction materials or electronics. The company's activities generate turnover of over EUR 2.5 billion annually and it employs over 4,000 people across the world.
Mutually beneficial cooperation shall leverage strong customer base and production capability established in c2i together with R&D expertise of LG Hausys where teams of engineers pursue in-house development of composite materials and production processes for next generation applications. Furthermore, the acquisition of c2i represents a cornerstone for LG Hausys’s strategy for the auto-parts sector, one of the key growth areas for the whole LG group.
KPMG role
KPMG Deal Advisory acted as the lead M&A advisor.
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