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You are here: Home / News / Fenix Parts Acquired by Stellex Capital Management

Fenix Parts Acquired by Stellex Capital Management

February 28, 2018 By CollisionWeek Editor

Private equity firm will pay over $8 million in cash for shares and assume $40 million in liabilities.

Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today announced that it has entered into a merger agreement with the private equity firm Stellex Capital Management LP. Under the agreement, a Stellex-controlled affiliate will acquire the company for $0.40 per share in cash, or just over $8 million based upon its over 20 million share outstanding. Stellex will also assume over $40 million in operating and long-term liabilities, including $33 million of indebtedness. 

According to the company the per share cash consideration,

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Filed Under: News Tagged With: Acquisitions, Fenix Parts, Private Equity, Stellex Capital Management

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