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Monday, May 20, 2024

KPMG advises on the sale of PFI to Fersa Bearings

KPMG Abogados acted as legal advisor of the Irrevocable Trust FBO Patricia Moreira-Cali and the Family Trust administered under the Irrevocable Trust FBO John Philip Cali on the sale of 100% of the US company PFI Group Inc. to A&S Fersa Bearings Europe SL.

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PFI Group is a company principally engaged in the production, distribution, and sale of a range of automotive, industrial, electric and agricultural bearings, having subsidiaries in Brazil, China, Argentina, Bolivia, Chile, Mexico, Turkey, Australia, and the USA. The transaction, which value has not been disclosed, allows Fersa Bearings Group to have a presence and expand its businesses in those countries.

The legal team from KPMG Abogados that has advised the sellers on the transaction was formed by Corporate Law and M&A partner Rafael Aguilar, together with senior manager Diego Herrero, and senior associate Leyre Diez Uli.

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