Gores Group Nabs German Engine Supplier

Law360, New York (January 3, 2012, 1:07 PM EST) -- Private equity firm The Gores Group LLC has kicked off the new year with the acquisition of German automotive component manufacturer The Hay Group, the buyer announced Tuesday.

A Gores affiliate inked an agreement to acquire The Hay Group and continue the company’s growth as a leading European manufacturer of components for engines, gearboxes and axles, the buyout firm said. The terms of the transaction remain confidential.

“The acquisition of The Hay Group provides The Gores Group with a tremendous opportunity to expand upon our current...
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