SAM and Mori Hamada advised Samvardhana Motherson International Ltd. (SAMIL) on its proposed acquisition of an 81% stake in Yutaka Giken Co. Ltd., a Tokyo Stock Exchange-listed subsidiary of Honda Motor Co.
SAM acted as the Lead Counsel to Samvardhana Motherson International Ltd. (SAMIL) on its proposed acquisition of an 81% stake in Yutaka Giken Co. Ltd., a Tokyo Stock Exchange-listed subsidiary of Honda Motor Co., Ltd. The acquisition is being undertaken through SAMIL’s wholly owned indirect subsidiary, Motherson Global Investments B.V. (MGI B.V), for a cash consideration of approx. USD 184 million.
In a simultaneous set of transactions, MGI BV will acquire an 11% stake in Shinnichi Kogyo Co. Ltd. (in which Yutaka Giken already holds 62%) and SAMIL (either directly or through a wholly owned subsidiary) will acquire 100% of the shares and voting rights in Yutaka Autoparts India Private Limited.
The multi-jurisdictional deal spans nine manufacturing jurisdictions—including Japan, China, the United States, Thailand, Brazil, India, Indonesia, Mexico and the Philippines—and remains subject to successful completion of the tender offer process and merger control approvals in Japan, the United States, China, Brazil and Mexico.
The Transaction Team was led by Partner Rudra Kumar Pandey, Counsel Kshitij Arora, Senior Associate Deepti Pandey, Associates Shrutika Lakhotia, Kunal Gupta, Vaishnavi Singh, Arshit Kapoor.
The Due Diligence Team was led by Partner Rudra Kumar Pandey, Counsel Kshitij Arora, Associates Shrutika Lakhotia, Rachit S. Grover, Kunal Gupta, Satyam Agarwal, Rewa Singhania and Associate Trainee Mitakshara Kapoor.
The Employment Team was led by Partner Kriti Kaushik, Associates Rakshita M. and Aryaman Nayyar.
Mori Hamada provided legal advice to the Motherson Group, a major Indian automotive parts manufacturer, regarding its transaction to take Yutaka Giken private.
The Mori Hamada team was led by Partners Kenichi Sekiguchi(M&A), Yuma Ito (M&A), and Senior Associate Shintaro Nakatani (M&A).
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