Transactions

FEATURED case studies

POLARIS (GEM)

Sale to Michelin

Cross-Border Strategic Exit During Challenging Market

Challenge

Difficult market conditions (2022-2023 downturn); Cross-border complexity (US → France); Required buyer with vision to integrate technology into broader portfolio; Competitive process needed to maximize value despite market headwinds

Mavka Role

Global strategic process targeting corporate acquirers and PE Positioned RoadBotics' computer vision as enabling next-gen mobility safety; Identified Michelin's Driver-Data-to-Intelligence; Group as ideal strategic partner; Maintained competitive tension despite challenging macro environment

Outcome

Successful acquisition by Michelin; Computer vision expertise + Michelin DDi = unique near-miss accident insights; Strengthened Michelin's AI capabilities for smarter, safer mobility; Created path for accelerated technology deployment at global scale

POLARIS (GEM)

Sale to Harman

Strategic Technology Sale to a Tier One

Challenge

Separate integrated business unit from parent operations; Highly technical product requiring sophisticated buyer; Navigate competitive process during complex separation; Multiple stakeholder interests (parent, carve-out management, buyers)

Mavka Role

Conducted a global marketing process targeting strategic and private equity buyers; Maintained competitive tension throughout all phases of the transaction; Developed a compelling equity story highlighting the carve-out’s growth potential in the automotive sector; Provided guidance on structuring the deal to ensure a smooth transition for the separated business

Outcome

Carve-out to a Tier 1 automotive supplier; The transaction is expected to position the SUBPAC automotive business for accelerated growth; The deal structure allows for continued innovation and expansion in the automotive haptic audio market; The parent company shifted focus to its core consumer and professional audio markets

POLARIS (GEM)

Sale to Waev

Complex Carve-Out of Two Brands

Challenge

Complex carve-out of two brands in the design & manufacturing of commercial and LEV vehicles; Capital-intensive business dealing with COVID-era supply-chain shortages on the brink of break-even; Deep sector expertise required to formulate a narrative to attract prospective buyers despite market headwinds and crowded product segments

Mavka Role

Bespoke equity story to highlight GEM and Taylor-Dunn’s value propositions and untapped opportunity to capture EV technology advancements; New vehicle created for management to acquire Polaris’ relevant assets, providing a foundation for Waev to build upon as they continue to gain market share in the EV mobility tech space; Provided guidance throughout the process and formation of Waev, where the GEM and Taylor-Dunn product lines will continue operating as stand-alone brands under the leadership of five former Polaris executives

Outcome

Under the continued leadership, the business has been optimized for growth and refocused around the customers, dealers and partners GEM and Taylor-Dunn serve; The divestiture allowed the management team to reposition the portfolio to drive efficiency and profitability

Compliance And Attribution Note

Some transactions include work completed at previous firms by current Mavka team members.
Every public transaction card and case study uses clear attribution before publication.

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Transactions

Representative transactions across frontier technology markets.

Mobility

Energy Transition

Proptech

Mobility

Energy Transition

Mobility

Mobility

Mobility

IT Services

AI

Mobility

Energy Transition

Mobility

Mobility

Mobility

AI

Mobility

AI

AI

Internet Infrastructure

Consumer

AI

AI

* Indicates transactions completed by Mavka team members at other firms

FEATURED case studies

POLARIS (GEM)

Sale to Michelin

Challenge

Mavka Role

Outcome

POLARIS (GEM)

Sale to Harman

Challenge

Mavka Role

Outcome

POLARIS (GEM)

Sale to Waev

Challenge

Mavka Role

Outcome

Compliance And Attribution Note

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Representative transactions
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