Stellantis Offloads Majority Stake in Comau to One Equity Partners

Deal News | Jan 08, 2025 | Legal Community Italy

Stellantis Offloads Majority Stake in Comau to One Equity Partners

Stellantis, a global leader in the automotive sector, has sold a majority stake in Comau, a technology company specializing in industrial automation and advanced robotics, to funds managed by One Equity Partners (OEP). Stellantis was represented by Legance legal firm, while One Equity Partners was advised by Freshfields and Davis Polk & Wardwell. The sale was a complex transaction involving various legal aspects, including corporate, M&A, Golden Power, labor law, and tax considerations. This strategic move aligns with Stellantis's broader objectives of focusing on its core automotive businesses and leveraging Comau's capabilities under new stewardship. The advisory teams comprised numerous legal experts, with Legance, Freshfields, and Davis Polk contributing to the successful execution of the deal.

Sectors

  • Automotive
  • Industrial Automation
  • Private Equity

Geography

  • Italy – Stellantis is a multinational with significant operations in Italy, and the legal aspects of the transaction involve Italian regulations.

Industry

  • Automotive – Stellantis is a major player in the automotive industry, and the sale of Comau impacts its strategic focus in this sector.
  • Industrial Automation – Comau specializes in industrial automation and robotics, making this sector highly relevant to the transaction.
  • Private Equity – One Equity Partners is a private equity firm, which is purchasing the majority stake, thus involving the private equity industry.

Financials

    Participants

    NameRoleTypeDescription
    StellantisVendorCompanyA global automotive company selling a majority stake in Comau.
    ComauTarget CompanyCompanyA tech company specializing in industrial automation and robotics, being sold to One Equity Partners.
    One Equity PartnersBuyerCompanyA private equity firm acquiring a majority stake in Comau.
    LeganceLegal AdvisorCompanyProvided legal assistance to Stellantis in the transaction.
    FreshfieldsLegal AdvisorCompanyProvided legal assistance to One Equity Partners in the transaction.
    Davis Polk & WardwellLegal AdvisorCompanyAssisted One Equity Partners with legal matters in the transaction.