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Stock impact report

H.I.G. Capital Signs Definitive Agreement to Acquire the Thermal Commercial Vehicles Division from Valeo [Yahoo! Finance]

WhiteHorse Finance, Inc. - Closed End Fund (WHF) 
Last whitehorse finance, inc. - closed end fund earnings: 11/7 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: whitehorsefinance.com
Company Research Source: Yahoo! Finance
management, is pleased to announce that one of its affiliates has signed a definitive agreement to carve out the Thermal Commercial Vehicles division (the "Company") from Valeo (Ticker: FR: PAR on the Paris Stock Exchange). The Company will operate under the name "Spheros" following closing. The transaction is expected to close this year and is subject to customary regulatory approvals. Headquartered in Germany, the Company is the leading global developer and manufacturer of thermal management solutions for a wide range of passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. The Company offers a comprehensive product portfolio, including air conditioning systems, heaters, coolant pumps, and other related hardware. Tobias Borkowski, Managing Director on the H.I.G. Europe Private Equity team, commented: "We have been impressed by Spheros' track record of continuous growth, and we see significant potential in leveraging its worl Show less Read more
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