Istanbul, Turkey, 26 June 2015 – One of South Korea's
newest private equity funds, Hahn & Company, acquires Halla
Visteon Climate Control Corp., a leading global technology company
that designs, engineers and manufactures innovative cockpit
electronics products and connected car solutions for the
world's major vehicle manufacturers.
Hahn & Company acquired a 50.50% stake in Halla Visteon
Climate Control Corp. and Hankook Tire Co. Ltd. acquired a 14.49%
stake. According to international press, the transaction was valued
at approximately $3.6 billion.
"This is a major global transaction involving one of the
first forays into the Turkish market by a South Korean private
equity fund, and we are pleased to have been involved in this
groundbreaking deal," commented Partner Muhsin Keskin.
A team of lawyers from Esin Attorney Partnership, a member firm
of Baker & McKenzie International, advised Hahn & Company
in relation to Halla Visteon's Turkish subsidiary, Halla
Visteon Otomotiv Iklimlendirme Sistemleri Uretim Sanayi ve Ticaret
Anonim Sirketi. Partner Muhsin Keskin advised on the transaction
with support from attorneys Caner Elmas and Deniz Erden. The deal
was closed on June 9, 2015.
* * * *
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of
legal services in the Turkish market. Today, as a member firm of
Baker & McKenzie, our team of nine partners and more than 60
lawyers is an integral part of a seamless global network. Our Firm
is recognized locally and globally for our M&A experience, and
we have advised on some of the largest deals in the Turkish market,
involving public and private companies, private equity funds and
other strategic investors.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the
world's most dynamic and successful business organizations
through more than 11,000 people in 77 offices in 47 countries. The
Firm is known for its global perspective, deep understanding of the
local language and culture of business, uncompromising commitment
to excellence, and world-class fluency in its client service.
Global revenues for the fiscal year ended 30 June 2014, were
US$2.54 billion. Eduardo Leite is Chairman of the Executive
Visteon is a global technology company that designs, engineers
and manufactures innovative cockpit electronics products and
connected car solutions for most of the world's major vehicle
manufacturers. Visteon is a leading provider of driver information
and controls, audio and infotainment, and domain controllers; its
brands include LightScape®, OpenAir® and SmartCore".
With corporate offices in Van Buren Township, Michigan, (U.S.);
Shanghai, China; and Chelmsford, UK; Visteon has more than 12,000
employees at 50 facilities in 21 countries. Visteon had sales of
$7.51 billion in 2014.
About Hahn & Company
Founded in December 2010 by Scott Hahn, former CIO and Managing
Director for Morgan Stanley Private Equity Asia, Hahn &
Company recently closed their first fund at 800 billion won of
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