Yinyi Group in ARC Automotive Acquisition
March 15, 2016
Cleary Gottlieb is representing Yinyi Group in connection with its acquisition of ARC Automotive from The Jordan Company.
The transaction was funded partially by a secured seller note, which is expected to be repaid by Yinyi Group by March 15, 2016. The transaction was signed on November 9, 2015 and closed on February 5, 2016.
Yinyi Group, headquartered in Ningbo City, Zhejiang Province, is a large Chinese conglomerate with diverse businesses in real estate development, resource industry, new materials and technologies development, domestic and international trade, property management, logistics, warehousing, construction material and five-star hotels. ARC Automotive is a global manufacturer that produces a full complement of automotive airbag inflators.