Debevoise Advises OEConnection (OEC) and Providence Equity in the Sale of a Majority Stake in OEC to Genstar Capital

2 August 2019

Debevoise is advising OEConnection (OEC) and its shareholders, including Providence Equity, in the sale of a majority stake in OEC to Genstar Capital. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in OEC.

OEC, formed in 2000 as a partnership between several original equipment manufacturers including Ford and General Motors, is a leading provider of software solutions and data to the original equipment parts industry, serving more than 30,000 auto dealers globally, 36 global OEM brands and more than 135,000 global auto repairers. Providence is a global asset management firm with approximately $40 billion in aggregate capital commitments. Genstar Capital is a private equity firm that focuses on the financial services, healthcare, industrial technology and software industries.

The Debevoise team is led by partners Michael Diz and Sue Meng and includes corporate associates Katherine Durnan and Alexandra Grossman, finance partner Scott Selinger and associate Brett Novick, tax partner Gary Friedman and associates David Rock and Lillian Jo Aston, benefits partners Jonathan Lewis and Franklin Mitchell and associate David Deutsch, intellectual property partner Jeff Cunard and associate Jose Lamarque, and antitrust counsel Kyra Bromley and associate Anne Mette Heemsoth.

Debevoise & Plimpton is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.