Curtis, Mallet-Prevost, Colt & Mosle LLP advised the management of MVL, a division of the FCI Group (itself controlled by affiliates of Bain Capital), in relation to its sale by FCI to Delphi Automotive Connection Systems for an estimated value of 765 million euros on a cash and debt-free basis.
MVL, the motorized vehicle branch of FCI, is a leading global manufacturer of automotive connection systems. MVL represented 692 million euros (62%) in FCI’s turnover in 2011. FCI was established in 1988 by Framatome as a diversification outside the nuclear field. Some 20 acquisitions and 20 years later, FCI has become one of the largest connector manufacturers.
This transaction will solidify Delphi’s position as one of the premier global automotive suppliers and allow MVL to pursue future growth opportunities with a special focus on innovation and R&D.
Curtis advised MVL management with a team led by partner Henri Pieyre de Mandiargues and associate Julia Sedef.
Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm providing a broad range of services to clients around the world. Curtis has 16 offices in the United States, Latin America, Europe, the Middle East and Central Asia. The firm’s international orientation has been a hallmark of its practice for nearly two centuries.
The Curtis Paris office comprises some 25 attorneys counseling clients in areas such as mergers and acquisitions, private equity, tax, litigation and international arbitration.
