H.I.G Capital Partners, the international private equity and alternative assets investment firm, has agreed to carve out the Thermal Commercial Vehicles Division of Valeo SA, the France based automotive component producer. Valeo Thermal Commercial Vehicles Germany GmbH is a Germany based developer and manufacturer of thermal management solutions for a wide range of passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. The company will operate under the name Spheros following closing.
- Target – Valeo Thermal Commercial Vehicles Germany GmbH
- Buyer – H.i.g. European Capital Partners, LLP
- Seller – Valeo
