The Hi-Tech Gears completes US$58 million cross-border acquisition of Teutech Industries

March 1, 2017

Effective March 1, 2017, The Hi-Tech Gears Limited, an automotive company based in India, acquired Teutech Industries, a component manufacturer with facilities in Ontario and Pennsylvania, in a transaction valued at approximately US$58 million.

The transaction was unique in that it involved an Indian-listed buyer of a group consisting of entities in the US and Canada, with finance being arranged by Indian and Canadian lenders.

Nora Osbaldeston and Shaun Parekh of Miller Thomson advised Integrated Private Debt Fund V, one of the Canadian lenders.