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Automotive: Eversheds Sutherland advises Horizon Global on its acquisition of Brink Group from H2 Equity Partners for a purchase price of EUR 169 million

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    Munich, 20 December 2017 – Global legal practice Eversheds Sutherland has advised US listed company Horizon Global Corporation (NYSE: HZN), the world’s leading manufacturer of branded towing and trailering equipment, on the acquisition of Brink Group from private equity investor H2 Capital Partners.

    The Brink Group is an industry-leading innovator and manufacturer of towbars, wiring kits and towing accessories. Headquartered in the Netherlands and with more than 75 years of towbar expertise, the Brink Group works closely with original equipment manufacturers (OEMs) and original equipment suppliers (OESs) on various programs and also serves the aftermarket channel of the towing and trailering industry.

    The parties expect to complete the transaction by the end of the second quarter 2018, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals.

    The Eversheds Sutherland international team was led by Munich-based M&A Partner, Sven Schweneke and London-based M&A Partner, Robin Johnson. It comprised teams from Germany, the Netherlands, the UK, France and South Africa.

    This is the second acquisition of an automotive supplier from a private equity investor on which Sven Schweneke, Robin Johnson and the Eversheds Sutherland team have advised Horizon Global. In 2016, Horizon Global acquired towbar producers Westfalia-Automotive and Terwa from DPE Deutsche Private Equity.

    Eversheds Sutherland Munich Partner Sven Schweneke, comments:

    “It has been a great pleasure to serve as legal advisor to Horizon Global in connection with another large acquisition in Europe. Advising Horizon Global on this strategic transaction shows Eversheds Sutherland’s strong expertise in the automotive sector and the international coverage and capabilities of our network.”

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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