M&A

M&A

Auto-comp maker Motherson in race for Japan's Marelli Holdings' restructuring: Report

Business Standard  

Samvardhana Motherson Group participated in the first round of bidding that Japan's Marelli Holdings held at the end of March as the latter has chosen a company to support its managerial restructuring. Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding, set for mid-April. KKR is also Marelli's parent company. Motherson, India's largest auto component firm, has made 27 acquisitions in the last decade and half and is looking to buy out many more distressed companies globally. Marelli is one of the world's leading global independent suppliers to the automotive sector.