Wolf Theiss, working with Hughes Hubbard & Reed and Plesner Advokatpartnerselskab, has advised Standard Motor Products on its acquisition of AX V Nissens III APS for approximately USD 388 million in cash from Nordic private equity firm Axcel and the Nissen family.
The transaction remains contingent on regulatory approval.
Standard Motor Products is an automotive parts manufacturer and distributor.
According to Wolf Theiss, "the transaction values Nissens at approximately USD 388 million, representing approximately 7.5x adjusted EBITDA after factoring in estimated run-rate cost synergies at the mid-point of USD 10 million."
The Wolf Theiss team included Poland-based Partners Izabela Zielinska-Barlozek and Maciej Szewczyk and Associate Michal Pypka, Hungary-based Partner Janos Toth and Senior Associate Peter Ihasz, and Slovakia-based Partner Bruno Stefanik.
Wolf Theiss did not respond to our inquiry on the matter.
