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International Automotive Components Group acquires Lear's North American Interior Systems Division for $150 million

March 2007

Client(s) International Automotive Components Group, LLC

Jones Day advised International Automotive Components Group North America, LLC (IAC NA) in its $150 million acquisition of the North American Interior Systems Division of Lear Corporation. IAC NA represents a joint venture between WL Ross & Co. LLC, Franklin Mutual Advisers, LLC and Lear. Jones Day also counseled the client regarding assumption of CBAs by buyer, bargaining obligations, successorship and structure of deal. Negotiations with seller regarding labor issues were handled, as well. In addition to M&A representation, Jones Day provided employee benefits, employment, intellectual property and tax advice.

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