Client or Matter Name
Atlas Holdings LLC (“Atlas”)
Deal Description
We acted as local counsel of Atlas Holdins in Mexico in the acquisition of Auburn Hills-based automotive supplier U.S. Farathane LLC, USF Holdings LLC and their subsidiaries. We performed in-depth due diligence of the Mexican assets (including U.S. Farathane, S.A. de C.V.) and participated in the drafting and negotiation of the acquisition contracts. We also acted as antitrust regulatory counsel to obtain the relevant authorizations from the Federal Economic Competition Commission.
Innovation & Additional Comments
This represents one of several examples in which the firm has participated in the decades-long but recently-acknowledged nearshoring trend. We have conformed a multidisciplinary team specifically devised for acquisitions of this nature. The increased complexities associated with auto-part supplier vertical integration and consolidation has also been a challenge to our antitrust team, and one we feel we have excelled at.
Jurisdiction
State of Delaware, United States of America
Governing Law
State of Delaware, United States of America
Deal Value
Undisclosed
Deal Duration, Date of Closing / Signing
June 12, 2023
Practice Area
M&A
Antitrust
Team GC
José Victor Torres (Partner)
Cristina Massa (Partner)
Alberto Pliego (Partner)
Rosa Elena Coto (Counsel)
Alberto Bustamante (Counsel)
Lucía Fernandez (Counsel)
Patricio Martínez Osorio (Counsel)
Félix Ponce Nava (Associate)
Georgina Zavala (Associate)
Diego Hernández (Associate)
Paulina de Rosenzweig (Associate)
Alejandro Flores (Associate)
Jose Alfonso Fernandez (Associate)
Luis Guillermo Vazquez (Associate)
Priscila Barba (Associate)
Erika Botas (Law Clerk)
Pablo Suárez (Law Clerk)
Arantxa Irigoyen (Law Clerk)
Other firms involved
Shearman & Sterling LLP
Creel, García – Cuéllar, Aiza y Enríquez, S.C. (antitrust only)