Wayzata Investment Partners Exiting Special Devices
March 16, 2012
Wayzata Investment Partners has entered into a definitive agreement to sell Special Devices to Daicel, a Japan-based chemical and solution provider with automotive safety systems operations. Special Devices manufactures energetic devices, including airbag and seatbelt devices, for the automotive industry. Sagent Advisors and Daiwa Securities Capital Markets advised Daicel on the transaction, while Lazard Middle Market advised Special Devices.