July 10, 2018 | Announcements
GCA Advises Aptiv PLC on Its Pending Acquisition of Winchester Interconnect
We are pleased to announce that our client, Aptiv PLC (“Aptiv”), a global technology company enabling the future of mobility, announced today that it has entered into a definitive agreement to acquire Winchester Interconnect from an affiliate of Snow Phipps Group for $650 million.
Based in the United States, Winchester is a leading provider of custom engineered harsh environment interconnect solutions for mission-critical and high cost-of-failure applications across a broad range of industries including aerospace and defense, semiconductor, industrial automation, and medical. With approximately $250 million in revenue, Winchester strengthens and further diversifies Aptiv’s engineered components platform and is a compelling strategic fit to Aptiv’s Signal & Power Solutions segment.
The transaction is subject to regulatory approval and other customary closing conditions and is expected to close by the end of 2018. Upon completion of the transaction, Winchester will operate as an independent business unit within Aptiv’s Signal & Power Solutions segment.
GCA is serving as exclusive financial advisor to Aptiv in connection with this transaction.
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.