Sale of 100% of Levorin to Michelin
Olimpia Partners advised on this M&A (sell-side) transaction involving Levorin and Michelin, in the Industrials sector. Deal value: Confidential.
Exclusive financial advisor to Industrial Levorin.
Levorin & Michelin
Industrials · M&A (sell-side) · Confidential
Case Study
• In August of 2016, Michelin announced the acquisition of 100% of Levorin’s capital stock
– Founded in 1943, Levorin is a leading manufacturer of tires and inner tubes for motorcycles and bicycles in Brazil
• The acquisition has two strategic objectives for Michelin: to consolidate its presence in Brazil and strengthen the global development of its 2-wheel tire offering
– With the transaction, Michelin will strengthen its position in the expanding commuter segment, complementing the range of tires it already offers in the high-end 2-wheel leisure market
• Levorin has approximately 2.000 employees and operates two industrial facilities located in Guarulhos/SP and Manaus/AM
• Michelin is one of the world’s largest tire manufacturers with global revenue totaling US$23.5 billion in 2015. Currently, Michelin operates five industrial plants in Brazil manufacturing tires for passenger cars, light and heavy trucks, motorcycles and agricultural machineries
Transactions