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Fred Hubacker: International Automotive Components has break-up potential, sector advisors say Proprietary Intelligence – MergerMarket

MergerMarket features Fred Hubacker in its article titled “International Automotive Components has break-up potential, sector advisors say Proprietary Intelligence.”

“Chinese investors, which have been aggressive in the interiors space, would be likely suitors for these businesses,” said the first advisor and Fred Hubacker, executive director at Conway MacKenzie.

Huayu has a market cap of CNY 35.4bn (USD 5.47bn), while Ningbo has a market cap of CNY 6.6bn (USD 1.03bn). “Interiors is admittedly a tough space to operate in because of competition and market pressure,” said Hubacker.

“Grupo Antolin, among the largest operators in the interiors space, is a viable suitor,” said the third sector advisor. “France-based Faurecia (EPA:EO), another major player, is a logical candidate as well,” said Hubacker in addition to several of the advisors. One of these advisors stressed that Faurecia would be most interested in IAC’s carpet segment.

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