Completion has just occurred on a A$340m sale of the Asia Pacific arm of US listed manufacture, Horizon Global Corporation. Pacific Equity Partners were the purchasers.
Horizon Global is home to some of the world’s most recognized brands in the towing and trailering industry, including: BULLDOG, Draw-Tite, Fulton, Hayman Reese, Reese, ROLA, Tekonsha, and Westfalia. Horizon Global has approximately 4,200 employees in 37 facilities across 18 countries. Macpherson Kelley had acted for the Australian entity for over 10 years, and has previously relied on Lowndes for their NZ issues and acquisitions and, more recently, Tilleke and Gibbins in relation to its Thai manufacturing facilities.
While an international firm also acted on the Horizon side, Macpherson Kelley, Lowndes and Tilleke and Gibbins were heavily involved and relied on for their jurisdictional aspects. It was the existing business knowledge coupled with the local jurisdictional expertise that gave the US Board the confidence to rely on these firms.