Trilegal gets CCI approval for acquisition of a shareholding in Hitachi Construction Machinery by HCJI Holdings G.K., Citrus and others

Citrus Investment LLC, Manaslu Partners III Ltd., Primrose Hill Partners II Ltd., Shepherds Hill Partners II Ltd. and Sonora Partners III Ltd were some of the other acquirers
Competition Commission of India CCI
Competition Commission of India CCI

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Hitachi Construction Machinery Co., Ltd. by HCJI Holdings G.K., Citrus Investments, HCJ Holdings 2 G.K., Japan Industrial V – GP K.K., and other investors.

Citrus Investments LLC, a wholly owned subsidiary of ITOCHU Corporation, HCJ Holdings 2 G.K., Japan Industrial - GP, Manalsu, Primrose GP, Shepherds Hill Partners III Ltd., and Sonora Partners III Ltd. through HCJI Holdings G.K., proposes to acquire 26% in the Hitachi Construction Machinery Co., Ltd. from Hitachi Ltd., on a fully diluted basis.

Trilegal advised the acquirers on the competition law aspects of the deal.

The competition team representing the Acquirers was led by Nisha Kaur Uberoi, Partner & National Head – Competition Law; Harshita Parmar and Mathew Geroge, Senior Associates; and Simran Kathuria, Akrathi Shetty, Shivangi Chawla and Nikita Rathi, Associates.

Nishimura & Asahi, Japan acted for Itochu Corporation.

Anderson Mori & Tomotsune represented Japan Industrial Partners.

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