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ABC Technologies to Acquire dlhBOWLES From MPE Partners
- Client News
- January 5, 2022
Paul, Weiss is advising Apollo Global Management portfolio company ABC Technologies Holdings Inc. and funds managed by Apollo affiliates in ABC Technologies’ $255 million acquisition of dlhBOWLES, Inc. from MPE Partners. Toronto-based ABC Technologies is a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry. Based in North Canton, Ohio, dlhBOWLES is a leading provider of camera and sensor cleaning systems, windshield washer systems, sunroof drains, powertrain and chassis solutions.
The transaction will be financed through a private placement of up to 5,253,642 common shares of ABC Technologies at a price to be determined in accordance with the policies of the Toronto Stock Exchange, a rights offering, and a debt commitment with the Apollo funds and funds affiliated with minority ABC Technologies stakeholder Oaktree Capital Management.
The Paul, Weiss team includes M&A partners Taurie Zeitzer and Brian Scrivani, and counsel Jason Tyler; tax partner Brian Grieve; finance partner Brian Kim and counsel Gabriella Toossi; intellectual property partner Charles Googe; real estate partner Peter Fisch; investment funds counsel Lisa Koff and Jeremy Larkins; litigation counsel Amy Barton; and executive compensation partner Lawrence Witdorchic.