March 15, 2024
Gibson, Dunn & Crutcher LLP advised H.I.G. Capital in connection with the acquisition of the Thermal Commercial Vehicles division from Valeo, as well as on the debt financing of the transaction. Closing of the transaction is subject to customary conditions, including merger clearance. After completion of the transaction, the standalone business will operate under the name “Spheros.”
Gibson Dunn’s international private equity team was jointly led by partners Dr. Wilhelm Reinhardt (Frankfurt) and Isabel Berger (London) and of counsel Dr. Aliresa Fatemi (Frankfurt), and included partners Kai Gesing (Munich), Dr. Dirk Oberbracht and Dr. Finn Zeidler (Frankfurt), Benjamin Fryer (London), and Bertrand Delaunay and Nataline Fleury (Paris), as well as associates Gisele Zouein (London); Lisa Hollfelder, Lena Pirner, Dr. Vanessa Ludwig, Dr. Mattias Prange, and Victor Thonke (Frankfurt); Christoph Jacob, Yannick Oberacker, and Johannes Reul (Munich); and Louise Degaudenzi (Paris). Teams from Gibson Dunn’s offices in New York, Los Angeles, Beijing, and London also provided support.
The Gibson Dunn team advising on debt financing included partner Sebastian Schoon, of counsel Alexander Klein, and associate Bastiaan Wolters (Frankfurt).