OMERS, Cypress-backed Affinia Group to be Acquired for $1.34B
August 18, 2015
MANN+HUMMEL has entered into a definitive merger agreement to acquire Affinia Group, including its global filtration operations, in a transaction reportedly worth nearly $1.34 billion, including debt. Backed by OMERS Private Equity and Cypress Group, Affinia Group is a designer, manufacturer, distributor and marketer of industrial grade products and services, including aftermarket parts for automotive and heavy-duty vehicles. The acquisition will add approximately $1 billion to MANN+HUMMEL's top line revenues. OMERS and Cypress have backed the company since 2004.