Another former Ford Motor Co. executive, Sir Nick Scheele, who
was president and COO from 2001 to 2005, has reportedly joined the bidding war
for the company's Jaguar and Land Rover divisions,
according
to the Financial Times. Scheele, who managed the two British nameplates
from 1999 to 2001, is advising buyout firm Ripplewood Holdings LLC, which
reportedly is hoping Scheele's inside knowledge will give it an edge over
rivals, according to the FT. However, rival bidder One Equity Partners also is
relying on an insider: former CEO Jacques Nasser, who ran Ford from 1999 to
2001. Other likely bidders include Chrysler LLC's new owner Cerberus Capital
Management LP, fellow buyout firm TPG, Indian car maker Tata Motors Ltd. and
Indian truck maker Mahindra & Mahindra. —Matthew
Wurtzel
See
story from the Financial Times
See
Nasser post from Dealscape
See
Ford Dealwatch
Tags:
Ford,
One
Equity Partners,
acquisition,
deals,
m&a,
mergers,
private
equity
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