April 6, 2018 / 12:48 PM / 3 months ago

BRIEF-IAC Group Receives Strategic Investment From Gamut Capital

April 6 (Reuters) - International Automotive Components Group:

* IAC GROUP RECEIVES STRATEGIC INVESTMENT FROM GAMUT CAPITAL MANAGEMENT

* AS PART OF RECAPITALIZATION, IAC TO ISSUE $215 MILLION SENIOR SECURED NOTES DUE APRIL 2023 TO FUNDS MANAGED BY GAMUT CAPITAL

* GAMUT WILL ALSO ACQUIRE A MINORITY EQUITY INTEREST IN IAC AND NOMINATE REPRESENTATIVES TO BOARD

* SAYS WL ROSS AND FRANKLIN MUTUAL ADVISERS WILL REMAIN CO’S MAJORITY SHAREHOLDERS Source text for Eikon: Further company coverage:

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