On December 12, 2024, Wolf Theiss announced that Standard Motor Products' acquisition of Nissens Automotive (as reported by CEE Legal Matters on July 23, 2024) has closed.
As originally reported, 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.
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, Counsel Marcin Rudnik, Senior Associate Dariusz Kielb, and Associate Michal Pypka, Hungary-based Partner Janos Toth and Senior Associate Peter Ihasz, Slovakia-based Partner Bruno Stefanik, and Ukraine-based Partner Taras Dumych, Senior Associate Sergii Zheka, and Associate Olga Ivlyeva.
