Automotive sector

Attractive transactions in the automotive sector in the three months leading up to August

In the three months leading up to August, 18 deals were recorded involving major automotive manufacturing and supply companies, with a number of acquisitions, private equity and very risky financing deals. publicized.

That’s according to GlobalData’s Financial Deals database, which tracks market activity across a variety of industries and transaction types.

The deals below only include those that have been made – so exclude rumors or those that have been made but not yet executed.

The figures, which cover the major auto manufacturing and supply companies, show the U.S. market to be the most active, with seven deals closed in the past three months. This was followed by India, which signed two agreements.

Below are some of the most significant deals closed during the last quarter.

Acquisitions

Renault takes a stake in Verkor – June 28

Renault SA, an automobile manufacturer, has taken a stake in Verkor, a developer of battery cells for electric vehicles (EVs). Both companies are based in France.

As part of the transaction, Renault will hold more than 20% of Verkor’s capital.

Benoit Lemaignan is the CEO of Verkor.

Santander UK plc and Barber Hauler Capital Advisers acted as financial advisers, while De Gaulle and Fleurance & Associés acted as legal advisers to Renault.

Faurecia acquires designLED Products – June 09

Faurecia SA (Faurecia), an automotive equipment manufacturer that designs, develops and supplies seat components, has acquired designLED Products Ltd, a light-emitting diode (LED) design company that offers LED light panels for commercial lighting , signage, advertising, consumer electronics and other lighting applications.

Stuart Bain is the CEO of designLED.

Gentex acquires The Filter Design and Core Protection Systems – August 12

Gentex Corporation, a US manufacturer, distributor and supplier of optical, advanced chemicals and electronics for the global automotive industry, has acquired The Filter Design Company Ltd, a UK provider of bespoke filtration solutions, filtration design offerings , manufacturing, testing, automation and consulting and Core Protection Systems Limited, a UK-based respiratory protection specialist providing high quality, innovative respiratory systems to the global industrial and medical markets.

Schaeffler acquires Bega International – August 03

Schaeffler AG, a German developer and manufacturer and supplier of precision products, has acquired BEGA International BV, a Dutch manufacturer of tools for mounting and dismounting bearings.

Henk van Essen, the current CEO of Bega, will retain this role in the future.

Faurecia acquires Design LED Products – June 09

Faurecia SA, a France-based company that designs, develops and supplies seat components such as frames, adjustment mechanisms, motors, upholstery, seat covers, electronic and pneumatic systems and accessories and foams, acquired Design LED Products Ltd, a UK-based designer and manufacturer of backlights and illuminated light-emitting diode (LED) switches.

Corporate financing

ZongMu Technology Secures $ 190 Million Series D Funding – Jun 03 ($ 190 Million)

ZongMu Technology (Shanghai) Co., Ltd, a China-based developer of driver assistance system, two-dimensional (2D) and three-dimensional (3D) panoramic vision system, self-parking solutions and driving recording systems, secured US $ 190 million in Series D financing led by Tongchuang Weiye (leading investment) and Xiaomi Group (leading investment), Liangjiang Fund, Jingkai Capital, Fosun Capital, Shanghai Science and Technology Venture Capital Group (Shanghai Science and Technology), Industrial Bank, Keboda, Legend Capital, Qualcomm Ventures, Denso (leading investment), Gaoyuan Capital (leading investment), Huzhou Taihu Lake Group, Langtai Capital, Chongqing Changxin Zhiqi.

Isar Aerospace Secures US $ 75 Million Additional Series B Funding – July 28 (US $ 75 Million)

Isar Aerospace, a space provider for small and medium-sized satellites, enabling global constellations of satellites, has secured additional funding of US $ 75 million from HV Capital.

In addition, Porsche Automobil Holding SE, Lombard Odier, Earlybird Venture Capital, Lakestar, Vsquared Ventures, Apeiron Investment Group and UVC Partners also participated in the round table.

Isar Aerospace brings the total funding to $ 165 million.

Daniel Metzler, Josef Fleischmann and Markus Brandl are the founders of Isar Aerospace.

Roppen Transportation (Rapido) Secures $ 52 Million USD Series C Funding – Aug 16 ($ 52 Million)

Roppen Transportation Services Pvt Ltd (Rapido), an Indian online platform provider for users to book taxi-bike services, has secured $ 52 million in Series C venture capital funding from Shell Ventures, Yamaha , Kunal Shah, Amarjit Singh Batra and Positive Moving Consulting.

Existing investors such as Pawan Munjal of Hero Group, Westbridge, Nexus Venture and Everblue Management also participated in this round.

Seurat Technologies secures $ 41 million in Series B funding – June 22 ($ 41 million)

Seurat Technologies Inc, a U.S. developer of metal printers designed for industrial scalability, has secured $ 41 million Series B funding led by Capricorn’s Technology Impact Fund, DENSO, True Ventures, GM Ventures, Porsche Automobil Holding SE, Siemens Energy and Maniv Mobilité.

Sonatus Raises $ 35 Million in Series A Funding – July 21 ($ 35 Million)

Sonatus, an automotive software company that unleashes the full potential of the software-defined vehicle, has secured $ 35 million in Series A funding led by Kia Corporation.

In addition, SAIC Capital, LG Electronics, Marvell, UMC Capital, Wanxiang Group Company and Translink Capital also participated in the round.

Jeff Chou is the co-founder and CEO of Sonatus.

Capital investment

Investor consortium invests $ 2.5 billion in Rivian Automotive – July 23 ($ 2,500 million)

Consortium of Investors has invested $ 2.5 billion in Rivian Automotive LLC, a US maker of electric adventure vehicles.

The investor consortium includes Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, T. Rowe Price Associates, Inc, Third Point, Fidelity Management and Research Company, Dragoneer Investment Group and Coatue.

Investor consortium invests $ 2.5 billion in Waymo – June 16 ($ 2,500 million)

Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, funds and accounts advised by T. Rowe Price Associates, Inc ., Temasek and Tiger Global has invested $ 2.5 billion in Waymo LLC, an autonomous driving technology development company that provides mobility solutions.

Tekedra Mawakana and Dmitri Dolgov are the co-CEOs of Waymo.

Kia and SKS Private Equity Invest $ 34.8 Million in Bank Salad – July 16 ($ 35 Million)

Kia Corp and SKS Private Equity, a private equity firm, have invested KRW 40,000 million (USD 34.8 million) in Bank Salad Co., Ltd., a provider of data-driven fund management services. All the entities involved in the transaction are based in South Korea.

With this investment, Bank Salad raised KRW 65 billion in total investment.