Butzel Long is proud to be a sponsor of OESA's Capital & Capacity: Funding Industry Growth & Restructuring program. Butzel Long attorney Bob Hudson will speak at this event.
On Sept. 8, 2011, OESA will examine trends in industry restructuring, financing and market potential in the coming years during a full-day session “Capital & Capacity: Funding Industry Growth & Restructuring.” Keynote speaker, Tim Leuliette, managing director, FINNEA Group LLC, says more than 50 automotive suppliers with over $500 million in revenue are currently “in play.” This has tremendous impact on supplier strategies, automotive investors and vehicle manufacturing sourcing decisions.
This unique event will feature case studies on restructuring and financing from those with firsthand experience. Chris Vance, Borg Warner’s VP business development and M&A, will discuss the 2011 acquisition of the traction systems division of Sweden-based Haldex Group, a move intended to accelerate BorgWarner’s growth in the global all-wheel-drive market. Bob Hudson, shareholder, Butzel Long, will provide an overview of M&A trends and comment on the BorgWarner/Haldex deal.
Bob Remenar, president and CEO, Nexteer Automotive, will share insight on the largest-ever Sino-U.S. deal in the auto components industry, when China-based, Pacific Century Motors, acquired Nexteer Automotive, the Michigan-based maker of steering and driveline systems. Presenters Justin Mirro, managing director, group head, automotive, RBC Capital Markets, and Andy Wilson, partner, M&A transaction services, Deloitte & Touche LLP, will discuss trends in foreign direct investment, and comment on the Nexteer/Pacific Century deal.
Doug Grimm, chairman, president and CEO, Grede Holdings, will discuss private equity’s role with auto suppliers and the investment in Grede Holdings LLC by Wayzata Investment Partners. Chas Chandler, partner, Amherst Partners, will discuss trends in balance sheet restructuring and further comment on the role private equity may play in the future.
Additional speakers include:
Jim Gillette, director, supplier analysis, IHS Automotive, who will present a market overview and forecast, and discuss trends in industry restructuring/consolidation and OEM purchasing philosophies.
David Hoffman, partner and national M&A transaction services leader, Deloitte & Touche LLP, who will share insight on auto industry capital needs and drivers, sources of capital and trends for investment in the industry.
Tim Leuliette, managing director, FINNEA Group LLC, and auto industry veteran turned financier, will provide the luncheon keynote presentation: “The Changing Climate of Global M&A.” Closing out the conference, a panel of conference speakers will discuss industry growth potential, what makes this industry attractive or unattractive to capital, whether investors should be bullish on the sector and when will significant M&A activity begin in earnest.