Lone Star Funds Announces Agreement to Acquire ContiTech, the Material Solutions Group of Continental AG
9 Articles
9 Articles
Lone Star Funds strikes $4.6B deal for German manufacturer, Unity Partners buys accounting firm
Dealmaking remains active in North Texas, including recent investments by Dallas-based private equity firms Lone Star Funds and Unity Partners. A natural gas operator was also acquired by a Japanese conglomerate. Read on to learn more about these deals.
Continental Sells ContiTech Business To Private Equity Firm Lone Star
German multinational manufacturing company Continental AG is selling its Ohio-based ContiTech industrial business to Dallas-based private equity firm Lone Star Funds in a deal valued at a little more than 4.2 billion euros (US$4.5 billion). The deal means that Continental has now exited the industrial rubber and plastics business to focus exclusively on tires. Its tire business has about 55,000 employees and 19 tire plants globally. Lone Star Fu…
German automotive components supplier Continental, which is undergoing a major restructuring of its operations, has announced a deal worth around €4 billion ($4.6 billion) to sell one of its divisions.
KKR separates itself from OHB shares, EOS Partners takes over Drooms and Lone Star buys Contitech from Continental: the most exciting news from the private equity scene.
Continental Sells ContiTech for $4.6 Billion to Lone Star
Continental sells ContiTech industrial division to Lone Star Funds, completing transformation into pure-play tire manufacturer. ContiTech develops, manufactures, and markets products, systems, and intelligent components made of rubber, plastic, metal, and fabric.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
