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Stratulat Albulescu Advises American Industrial Partners on Acquisition of Veoneer Restraint Control Business

Stratulat Albulescu Advises American Industrial Partners on Acquisition of Veoneer Restraint Control Business

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Stratulat Albulescu has advised the American Industrial Partners Capital Fund VII on its acquisition of Veoneer's Restraint Control Systems business.

Veoneer is an automotive industry supplier providing automotive electronic safety systems. According to the company, their products were included in more than 40 vehicle launches in 2023. "In the past year, nearly one in every four cars that left the production lines globally was equipped with Veoneer’s Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident," the firm reported.

According to Stratulat Albulescu, the deal completes the "strategy of finding the right long-term destinations for Veoneer’s three original lines of business: Arriver Software, now owned by Qualcomm; Active Safety, now owned by Magna International; and Restraint Control Systems, now owned by AIP Fund VII."

American Industrial Partners is an operationally-oriented middle market private equity firm.

The Stratulat Albulescu team included Managing Partner Silviu Stratulat, Partner Ana Maria Kusak, Senior Associate Amanda Csaki, and Associates Alexandru Lazar and Cezara Mitea.

Stratulat Albulescu could not provide further information on the deal.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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