International Automotive Components sells European and South African operations to Inteva
Client(s) International Automotive Components Group North America, LLC
Jones Day advised International Automotive Components Group (IAC) on the sale of its European and South African operations to Inteva, marking a significant transaction in the automotive supply sector. The deal, which has now closed, was structured as a combination of asset sales and share sales, together with the resolution of complex intercompany relationships, reflecting the multi-jurisdictional footprint of the business and the varied legal frameworks across the relevant jurisdictions.
The transaction involved the transfer of IAC’s European and South African operations to Inteva through a hybrid sale structure tailored to the legal and operational requirements of the relevant jurisdictions. As part of the transaction, the parties coordinated closely with European automotive manufacturers to ensure continuity of production and supply, preserving critical operations and minimizing disruption to customer programs.
Jones Day provided comprehensive transactional support to IAC, including structuring, documentation, and implementation of the mixed asset/share sale framework. The team also led the disentanglement and resolution of complex intercompany arrangements, stabilization of operations through closing, preservation of supplier and customer relationships, and management of counterparty risk across a complex multi-jurisdictional footprint. Working across finance, restructuring, M&A, and regulatory disciplines, the Firm advised on operational transition matters, including coordination with European OEMs and lenders to support a seamless handover and continuity of manufacturing operations across affected facilities. These efforts helped mitigate execution risk, align creditor constituencies, and deliver a value-maximizing outcome.
This transaction underscores continued consolidation and strategic realignment in the automotive supply chain and highlights the importance of execution strategies that safeguard production continuity in complex cross-border carve-outs.
