Linklaters advises The Gores Group on the sale of Hay Group to Musashi Seimitsu Industry

Frankfurt, 11 May 2016. Linklaters advised the global investment company The Gores Group on the sale of Bad Sobernheimer Hay Group to the Japanese family-run business Musashi Seimitsu Industry Co. Ltd., which is listed on the stock exchange.

Hay Group manufactures components for both motors and gears and is a supplier to large European automotive and commercial vehicle manufacturers. The company’s turnover amounts to approximately €600m.

The Gores Group acquired Hay Group in 2011/2012. Investments in an amount of more than 100 million euros led to profitable growth of Hay Group.

The acquirer Musashi Seimitsu Industry is established on the market in the area of complementary technologies for automotive powertrain components.

The acquisition is a further important strategic step for Hay Group towards its long-term focus on growth, technology and global presence.

The transaction still requires approval from competition authorities.

A Linklaters team led by Dr Ralph Drebes (Corporate/M&A, Frankfurt) advised on the transaction. The team also included Matthew Devey (Employment, Frankfurt), Dr Michael Ehret (Tax, Frankfurt), Daniel von Brevern (Competition/Antitrust, Düsseldorf), Dr Jonas Hermann, Thilo Zimmermann, Fabian Schmitz, Simon Boepple, Mykyta Selivanov, Yue Qi (all Corporate/M&A, Frankfurt), Anne Gaukstern (Employment, Frankfurt), Marc Christ (Tax, Frankfurt), Fabian Neumeier (Banking, Frankfurt) und Enrique Areilza (Corporate, Madrid).