CMS has advised Indian automotive components manufacturer Pricol Ltd. on the acquisition of PMP PAL International s.r.o., a Czech company which manufactures automotive windscreen wiper parts from PMP Auto Components (part of the Ashok Piramal Group).
PMP PAL International has manufacturing facilities in the Czech Republic, Mexico and India and supplies wiper motors to global automotive customers including Volkswagen, Fiat, John Deere, Skoda, Audi and Seat. The acquisition will provide Pricol with manufacturing facilities in new markets in Europe and North America and increase its exposure to the passenger car market.
CMS assisted on all aspects of the deal including due diligence, structuring of the acquisition, the transaction documents and the financing. The team advising Pricol was led by partner Helen Rodwell and further consisted of Pavla Křečková, Frances Gerrard, Lucie Hallóová, Vojtěch Laga, Pavel Kocián, Jiří Peťura and Barbora Ševčíková.