This U.S./Europe to Japan transaction represents our 126th cross border transaction in 24 months
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Sensata Technologies (NYSE:ST) (“Sensata”), a leading industrial technology company, has completed the sale of its valves business (the “Business”) to Pacific Industrial Co., Ltd. (TSE:7250) (“Pacific”) for a total enterprise value of approximately $175 million.
The valves business manufactures mechanical valves for pressure applications used in tires and fluid control and assembles tire hardware aftermarket products. The Business designs, tests, qualifies and manufactures engineered valves which are “spec’d in” to platforms for automotive, aerospace, HVAC/R and heavy-duty vehicle customer applications. With two manufacturing plants in the U.S. and Europe, the Business is well capitalized with a high degree of automation and precision machining capabilities to serve its customers globally.
Pacific is an industrial valves manufacturer based in Ogaki, Japan with manufacturing and sales operations in the U.S., Taiwan, South Korea, Thailand, China and Belgium. The Pacific brand has been established as a leader in quality and technology in overseas markets, particularly in Asia, and this move reinforces Pacific’s strategy to grow its presence in Europe and the Americas.
Lincoln International acted as the exclusive investment banking advisor to Sensata. A dedicated Lincoln deal team in the U.S., France and Japan worked seamlessly together on this complex, cross border transaction, structured as a corporate divestiture of both U.S. and French divisions. Moreover, Lincoln’s long-term track record in flow control and domain expertise in the automotive & truck and industrials sectors provided informed strategic advice to Sensata.
About Lincoln InternationalLincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint ventures and partnering advisory services on a wide range of transaction sizes. With twenty offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com.