Additional to Baker McKenzie’s mandate supporting Tata Autocomp Programs Restricted (TACO) with its majority acquisition of Artifex Inside Programs Restricted (Artifex) earlier this yr, the Agency has suggested Tata Autocomp on its acquisition of IAC Group (Slovakia) s.r.o. (IAC Slovakia) via its subsidiary, Artifex.
With revenues of USD 190 million in FY24, IAC Slovakia manufactures automotive inside and exterior elements, together with door and trim methods, pillars, instrument panels, cockpits, and consoles, for world unique gear producers (OEMs) together with Jaguar Land Rover and Volkswagen. With this acquisition, TACO continues to strengthen its presence in Europe’s automotive sector.
Completion of this transaction is topic to receipt of related regulatory approvals and sure different issues.
The Baker McKenzie workforce was led by London Company Accomplice, Ash Tiwari, and Senior Affiliate, Priya Shah, with London Companions, Sue McLean and Natalie Ellerby, main on the transitional companies and IP licensing workstreams respectively.
The broader Baker McKenzie London workforce included:
- Company: Ambrose Teo, Eli Clinton-Davis, Samuel Trevor
- Competitors: Luis Gomez, Zareenah Rasool
- Mental Property: Lucy Robertson
- Restructuring & Insolvency / Banking: Priyanka Usmani, Matthieu Hucker
- Tax: Matthew Legg, Taras Varava, Fewa Olu-Martins
Co-Head of the M&A Follow Group of Baker McKenzie Prague, Alexandr César, and Senior Affiliate, Jan Dudík, offered Slovak regulation recommendation, along with Slovak regulation agency, Marek Companions.
Commenting on the transaction, Baker McKenzie London Company Accomplice, Ash Tiwari, mentioned: “We’re delighted to have partnered with TACO once more to proceed supporting their enlargement technique to change into the companion of alternative for world OEMs. This has been a transaction of great complexity which has drawn on Baker McKenzie’s cross-specialist experience throughout business, competitors, mental property, tax, restructuring and insolvency and banking associated issues. We look ahead to a profitable closing.”
