Fiat Chrysler (FCA) announced late last week that the spinoff and sale of its Magneti Marelli parts unit to CK Holdings —the parent of Japan’s Calsonic Kansei and a vehicle of U.S. investment firm KKR—for $6.5 billion was completed. The sale created the seventh-largest independent car parts supplier.
Legance, Maisto e Associati and Dentons worked on closing the deal. Legance assisted FCA in matters of Italian law, with a team led by Alberto Giampieri (pictured left), with lawyers Marino Ghidoni, Stefano Bandini and Giuseppe Ciccarelli. Maisto e Associati, on the other hand, assisted FCA and Magneti Marelli in tax law matters under Italian law, with a team consisting of the shareholders Riccardo Michelutti and Cesare Silvani, and the associate Filippo Maisto.
Dentons assisted the buyer with aspects of Italian law, with a team consisting of partner Alessandro Dubini (pictured right), counsel Antonio Legrottaglie, senior associate Marilina Di Lauro and trainee Elena Venturini, as well as partner Alessandro Fosco Fagotto and the associated Tommaso Zanirato for aspects of Italian law related to financing.
The buyer and seller were also assisted respectively by Simpson Thacher & Bartlett and Sullivan & Cromwell.