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FountainVest emerges as final contender for ZF’s Lifetec Division - Private Equity Wire
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Software-defined vehicles, autonomous driving and electrification: global meagrements increase the importance of the technology of the new Chassis 2.0 modules: smart operators, as well as advanced technology in systems and software, the new development opportunities of the ZF consolidate the partnership with dedicated global car manufacturers, full-scale Asian producers and innovative start-ups On 10 July, before the International Market IAa Mob…
FountainVest emerges as final contender for ZF’s Lifetec Division - Private Equity Wire
FountainVest Partners has emerged as the sole remaining bidder for ZF Friedrichshafen’s Lifetec unit, which comprises the German auto parts maker’s airbags and seatbelt operations, according to a report by Bloomberg citing sources familiar with the matter. The Hong Kong-based private equity firm is currently engaged in advanced negotiations to acquire the business, though discussions remain sensitive with significant distance on valuation expect…
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