Adient, PE firms eye ZF Lifetec in multi-billion euro deal - Bloomberg

On Friday, ZF Friedrichshafen AG’s airbags and seat belts division, ZF Lifetec, became the center of attention as potential buyers, including automotive supplier Adient (NYSE:ADNT) Plc, showed interest in acquiring the unit. Bloomberg News, citing people familiar with the matter, revealed that private equity entities American Industrial Partners and FountainVest Partners are also in the running to purchase the business.

The sale of ZF Lifetec is expected to garner several billion euros, indicating the significant value of the unit within the automotive safety market. The discussions about the sale are currently in progress, and it is not yet guaranteed that these talks will result in a finalized deal.

The potential acquisition of ZF Lifetec by these companies underscores the strategic importance of automotive safety components in the industry. The final outcome of the ongoing negotiations remains uncertain, but the interest from prominent firms suggests a competitive bidding process ahead.

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