31 Oct 2018 - Pi Capital Advises LS Mtron on the Sale of its Automotive Parts Business to Cooper Standard
Oct. 31, 2018 -- Pi Capital International LLC (“Pi Capital”) is pleased to announce that it acted as the exclusive financial advisor to LS Mtron in the sale of 80.1% of its automotive parts business to Cooper Standard. The transaction, announced in May 2018, expands Cooper Standard’s core product offering and establishes a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer. This partnership creates an opportunity to cooperate across multiple industries by leveraging the material science capabilities of both companies.
“The Pi Capital team identified Cooper Standard and the benefits of the transaction for both parties. The team was instrumental in working through complex issues across multiple jurisdiction allow the transaction to be successful,” said Seokho Kang, Chief Strategy Officer of LS Mtron.
“This transaction highlights Pi Capital’s knowledge and capabilities in the M&A and automotive space through the creation of value for both parties. In addition, this is a good demonstration how our team can work closely with our clients to assist in deal management and we are glad that we were able to bring this opportunity to our Korean client,” said Matthew Yoon, Managing Director who is responsible for its Asia business at Pi Capital.
About LS Mton Ltd.
LS Mtron manufactures and sells industrial machinery and high-tech components in South Korea and internationally. It offers tractors, injection molding machines, track shoes, connectors/antennas, copper foils, automotive parts, ultra-capacitors, and FCCL products. The company was founded in 2008 and is headquartered in Anyang, South Korea. LS Mtron Ltd. operates as a subsidiary of LS Corp.
Further information on LS Mtron is available at www.lsmtron.com
About Cooper Standard Holdings Inc.
Cooper Standard, headquartered in Novi, Mich., is a leading global supplier of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses and anti-vibration systems. Cooper Standard employs approximately 32,000 people globally and operates in 20 countries around the world.
Further information on Cooper Standard is available at www.cooperstandard.com
About Pi Capital International LLC
Pi Capital provides financial advisory services to corporations, governments and financial sponsors enabling its clients to make and execute the strategic decisions needed for success in domestic and global markets. Pi Capital’s services include advising on mergers and acquisitions, recapitalizations and restructurings, and raising private capital. The firm’s global network of clients and capital providers spans North America, Asia, Latin America and EMEA. All regulated activities are conducted through its affiliate, Marco Polo Securities Inc. (member FINRA/NFA/SIPC).
Further information on Pi Capital is available at www.picapital.global
About Marco Polo Securities, Inc.
Marco Polo Securities Inc. is a U.S.-registered broker dealer offering global execution, regulatory and distribution capabilities. Marco Polo was the pioneering platform in building cross border electronic trading infrastructure to enable global institutional flows and the firm’s regulatory and distribution partnership with local securities firms currently encompass 80 countries. Marco Polo provides a unique distribution and regulatory network for capital raising and wealth management in the global markets. Marco Polo is a member of FINRA, NFA and SIPC.
Further information on Marco Polo is available at www.mpsecurities.com
CONTACT:
Pi Capital International LLC
Rachel Robinson
Chief Administrative Officer
(347) 745-6448
[email protected]
“The Pi Capital team identified Cooper Standard and the benefits of the transaction for both parties. The team was instrumental in working through complex issues across multiple jurisdiction allow the transaction to be successful,” said Seokho Kang, Chief Strategy Officer of LS Mtron.
“This transaction highlights Pi Capital’s knowledge and capabilities in the M&A and automotive space through the creation of value for both parties. In addition, this is a good demonstration how our team can work closely with our clients to assist in deal management and we are glad that we were able to bring this opportunity to our Korean client,” said Matthew Yoon, Managing Director who is responsible for its Asia business at Pi Capital.
About LS Mton Ltd.
LS Mtron manufactures and sells industrial machinery and high-tech components in South Korea and internationally. It offers tractors, injection molding machines, track shoes, connectors/antennas, copper foils, automotive parts, ultra-capacitors, and FCCL products. The company was founded in 2008 and is headquartered in Anyang, South Korea. LS Mtron Ltd. operates as a subsidiary of LS Corp.
Further information on LS Mtron is available at www.lsmtron.com
About Cooper Standard Holdings Inc.
Cooper Standard, headquartered in Novi, Mich., is a leading global supplier of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses and anti-vibration systems. Cooper Standard employs approximately 32,000 people globally and operates in 20 countries around the world.
Further information on Cooper Standard is available at www.cooperstandard.com
About Pi Capital International LLC
Pi Capital provides financial advisory services to corporations, governments and financial sponsors enabling its clients to make and execute the strategic decisions needed for success in domestic and global markets. Pi Capital’s services include advising on mergers and acquisitions, recapitalizations and restructurings, and raising private capital. The firm’s global network of clients and capital providers spans North America, Asia, Latin America and EMEA. All regulated activities are conducted through its affiliate, Marco Polo Securities Inc. (member FINRA/NFA/SIPC).
Further information on Pi Capital is available at www.picapital.global
About Marco Polo Securities, Inc.
Marco Polo Securities Inc. is a U.S.-registered broker dealer offering global execution, regulatory and distribution capabilities. Marco Polo was the pioneering platform in building cross border electronic trading infrastructure to enable global institutional flows and the firm’s regulatory and distribution partnership with local securities firms currently encompass 80 countries. Marco Polo provides a unique distribution and regulatory network for capital raising and wealth management in the global markets. Marco Polo is a member of FINRA, NFA and SIPC.
Further information on Marco Polo is available at www.mpsecurities.com
CONTACT:
Pi Capital International LLC
Rachel Robinson
Chief Administrative Officer
(347) 745-6448
[email protected]