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Japan – Orrick Advises U-Shin On Acquisition Of Valeo’s Access Mechanisms Business.


30 May, 2013
 
Orrick advised U-Shin, Ltd., a manufacturer of automobile parts, on its acquisition of the access mechanisms business of Valeo S.A. (“Valeo”) for €203 million.
 
Valeo is a French manufacturer of automotive components and its access mechanisms business operates 12 plants in eight jurisdictions and has 4,500 employees.
 
Through this deal, which was originally signed in November 2012 and finalized on May 24, 2013, U-Shin’s presence in Asia, Europe and South America will make it a global leader in the industry.
 
Led by L. Mark Weeks, the Managing Partner of Orrick’s Tokyo office, and George T. Rigo, a Partner of Orrick Rambaud Martel in France, the team included numerous professionals from Orrick offices in China, France, Germany, Italy, Japan, Russia, the UK and the US who advised on various legal issues including corporate and commercial issues, antitrust, employment, acquisition finance and intellectual property.
 
Commenting on the transaction, Mark Weeks said “This transaction will have a significant impact on U-Shin as a global leader in the automobile industry, as it was not only able to expand its presence in already existing markets, but also to emerge into brand new ones. We are very pleased to have worked with U-shin on its successful acquisition and expansion of its business.” He added “We expect to see more out-bound M&A by Japanese companies pursuing further expansion of their business overseas. Orrick has a very strong global team of lawyers who are specialized in the local law, business culture and language of each jurisdiction where we have an office and are able to collaborate on complex cross-border transactions for Japanese clients like U-shin.” George T. Rigo commented “We are pleased that our completely integrated global offices were able to produce a favorable outcome for U-Shin, and believe that this is an example of the seamless manner in which Orrick’s global platform operates.”

 
For further information, please contact:
 
Erika Spencer-Iwai, Orrick

espencer-iwai@orrick.com

 

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