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Gamut Capital Invests in IAC Group

Paul, Weiss is representing Gamut Capital LP in its strategic investment in International Automotive Components Group S.A. (IAC). As part of IAC’s recapitalization, the company will issue $215 million of senior secured notes due April 2023 to funds managed by Gamut Capital Management. IAC is a global automotive and mobility leader in lightweight and new-material interior automotive solutions. The proceeds, along with cash on hand, will be used to refinance IAC's $300 million 9.125 percent senior secured notes due June 1, 2018. Gamut will also acquire a minority equity interest in IAC and nominate representatives to the board. WL Ross and Co. LLC, a division of Invesco Ltd., and Franklin Mutual Advisers LLC, will remain the company's majority shareholders. The transaction is subject to customary closing conditions and is expected to close prior to the end of April.

The Paul, Weiss team includes M&A partner Taurie Zeitzer and counsel David Beller and Aubry Smith; securities partner Tracey Zaccone; tax partner Brad Okun; bankruptcy partner Alice Eaton; finance partner Brian Kim and counsel David Epstein and David Carmona; intellectual property partner Chuck Googe; investment management partner Marco Masotti; real estate partner Mitchell Berg; employee benefits partner Lawrence Witdorchic and counsel Jarrett Hoffman; litigation counsel Peter Jaffe and Rachel Fiorill; and antitrust counsel Marta Kelly.

April 6, 2018

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