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DealsMagna acquired Klein Automotive

MP Corporate Finance acted as the exclusive financial advisor to Magna in the cross-border acquisition of Klein Automotive

Klein Automotive s.r.o. based in Stity (CZ) is an automotive supplier specialized in metal processing with main production capabilities in stamping & welding of Body-in-White components as well as machining and assembly. The company supplies blue-chip customers supported by a strong and longstanding relationship. Magna International, headquartered in Canada, is a leading Tier-1 automotive supplier with sales of approx. $35bn and a global workforce of around 154,000 employees and is listed on the Toronto Stock Exchange and NYSE.

MP Value Add

MP advised Magna on a buy-side process and identified KLEIN Automotive as highly suitable acquisition target out of a pool of opportunities across Eastern Europe. Specialized sector knowledge enabled MP to assist Magna in the due diligence process not only with coordination, but also with comprehensive support and analysis on commercial/production-related topics. MP’s extensive experience in managing transactions between large global corporates and local SME companies enabled them to reach a balanced commercial package as a basis for successful SPA negotiations and finally assisted Magna in the signing and closing of the transaction.