Simpson Thacher is representing AVIC Electromechanical Systems Co., Ltd. (“AVICEM”) in connection with its acquisition of Hilite International, a leading global supplier of highly engineered automotive engine and transmission components. AVICEM is a subsidiary of Aviation Industry Corporation of China, one of the largest industrial conglomerates in China. The transaction values Hilite International at approximately €473 million (US$645 million). The closing of the transaction is subject to customary regulatory approvals.
The Simpson Thacher team working on this transaction includes: Shaolin Luo (Hong Kong M&A); Yang Wang and Duan Fu (Beijing M&A); Aditya Basrur and Jennifer Gaudette (New York M&A); David Vann, Michael Naughton, Étienne Renaudeau and Bill Kearney (Antitrust); Peter Thomas, David Shogren and Andrew Winerman (CFIUS); David Rubinsky, David Teigman and Eric Wolf (ECEB); Alex Key, Marcela Robledo and Samantha Himelman (IP), Krista McManus (Real Estate); and Adeeb Fadil and Tim Mulvihill (Environmental).
