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Pacific Equity closes A$340M purchase of Horizon Global's APAC business segment

Australian private equity firm Pacific Equity Partners completed its acquisition of the Asia-Pacific business segment of Horizon Global Corp. for A$340 million in cash.

The towing and trailering equipment manufacturer will use the net proceeds of the sale to substantially pare its debt.

Jefferies LLC was financial adviser to Horizon Global, while Jones Day and Macpherson Kelley were legal advisers.