Abreu Advogados advises on the sale of Dura Automotive’s global driver control systems business
Abreu Advogados advised on the sale of Dura Automotive Portuguesa’s global driver control systems business. The transaction involved the transfer of 100% of the share capital of Dura Automotive Portuguesa – Indústria de Componentes para Automóveis, Lda. by two companies of the German group to an acquisition vehicle incorporated in the United States, as part of a cross-border carve-out structure.
The transaction was led by partner César Bessa Monteiro, jr and professional partner Cláudia Santos Malaquias, supported by a team comprising partners Nuno Luís Sapateiro, Patrícia Viana and Ricardo Henriques, professional partners Joana Maldonado Reis, Madalena Bernardes Coelho and Patrícia Perestrelo, senior associate lawyer Bárbara Quintas Soares and associate lawyer Martim Cardoso da Silva. The legal work included reviewing the sale and purchase agreement, preparing the closing documentation and corporate approvals, assisting the buyer with Portuguese tax formalities, and implementing the intra-group restructuring steps required for completion.
Abreu Advogados acted as Portuguese legal counsel to the sellers, coordinating the transaction with multiple legal advisers across several jurisdictions. The transaction further strengthens the firm’s position as a leading adviser on cross-border M&A transactions, particularly in the automotive and industrial sectors.
