Cases & Deals

WL Ross & Co. acquires interest in Oxford Automotive Aps

Client(s) WL Ross & Co. LLC

Jones Day advised WL Ross & Co. LLC in its acquisition of a 25% equity interest in Oxford Automotive Aps from former creditors who exchanged notes for equity when Oxford emerged from insolvency proceedings in April 2005. Mr. Ross and other shareholders have committed to be standby underwriters of a proposed rights offering to existing shareholders of $100 million of new equity.