Auto industry

BorgWarner issues warning to Delphi about the latter drawing from its credit facility, as fears of the coronavirus spreads. The two companies are working towards closing a deal. On the middle market side, we check in with dealmakers from Alvarez & Marsal, Riverside, M33 Growth and Paul Hastings about the potential impact.

Delphi drew down its full $500 million revolving credit facility to position for the downturn related to the coronavirus pandemic.

“The recent outbreak of Covid-19 virus increases the challenges faced by the business,” Tata Motors says in a statement.

For risk managers, Covid-19 presents a stark reminder of the need to prepare for threats proactively.

Nominations for M&A Mid-Market Awards due Feb. 7. Formula One team owner buys stake in Aston Martin. PE-backed backed Westrock buys coffee distributor from Cott. Apax invests in fashion e-commerce platform. We've named the 2020 Most Influential Women.

Aston Martin Lagonda Global Holdings Plc secured a 500-million-pound ($656 million) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a minority stake to billionaire Lawrence Stroll.

BorgWarner buys Delphi, as the auto industry moves to electric cars. Royal Philips looking to sell domestic appliances business. Carlyle invests in solar energy. Activists investors including, Starboard, which has invested in Papa John's, work to improve their images.

Forced by governments around the world to improve fuel efficiency and cut emissions, automakers are turning to smaller, lighter engines and electrifying their lineups.

Direct deals with miners are rare in the automotive industry, and the agreements between Glencore, Tesla and BMW are a sign car-makers are concerned about securing sufficient cobalt from ethical sources.

Amazon's record breaking holiday season underscores the role technology is playing in retail, and we explore the opportunities for dealmakers. Mergers & Acquisitions announces 2020 Most Influential Women in Mid-Market M&A. KKR, Thompson Street, make deals. Private equity pros give back.