Cleary Gottlieb is representing Bank of America Merrill Lynch and Credit Suisse as financial advisors to LKQ Corporation in connection with its proposed acquisition of Stahlgruber GmbH for an enterprise value of approximately €1.5 billion.
The transaction was announced on December 11, 2017.
The transaction is expected to close by the first quarter or early in the second quarter of 2018, subject to regulatory approvals and other customary closing conditions.
LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, with operations in North America, Europe and Taiwan. Stahlgruber GmbH is a leading European wholesale distributor of aftermarket spare parts for passenger cars, tools, capital equipment and accessories.