Samvardhana Motherson International Limited, through its wholly owned indirect subsidiary Motherson Global Investments B.V., is set to acquire a an 81% shareholding in Yutaka Giken Co. Ltd., a Tokyo Stock Exchange-listed subsidiary of Honda Motor Co., Ltd., for approximately $184 million.
Shardul Amarchand Mangaldas & Co is acting as one of the lead counsels to Samvardhana Motherson International.
The transaction team consisted of Rudra Kumar Pandey (Partner), Kshitij Arora (Counsel), Deepti Pandey (Senior Associate), Associates Shrutika Lakhotia, Kunal Gupta, Vaishnavi Singh and Arshit Kapoor.
The due-diligence team consisted of Pandey (Partner), Arora (Counsel), Associates Shrutika Lakhotia, Rachit Grover Kunal Gupta, Satyam Agarwal, Rewa Singhania and Associate Trainee Mitakshara Kapoor.
Mori Hamada & Matsumoto acted as the local counsel to Samvardhana Motherson International in Japan.
In a simultaneous set of transactions, Motherson Global Investments B.V. will acquire an 11% stake in Shinnichi Kogyo Co. Ltd. (in which Yutaka Giken already holds 62%) and Samvardhana Motherson International (either directly or through a wholly owned subsidiary) will acquire 100% of the shares and voting rights in Yutaka Autoparts India Private Limited.
The multijurisdictional 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.
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