JBIC’s Equity Investment in FirstElement Fuel Inc.

Baker & McKenzie advised Japan Bank for International Cooperation on the deal.

Japan Bank for International Cooperation (JBIC) completed the equity financing documents and related shareholders’ agreements for a joint investment with Mitsui & Co., Ltd (Mitsui) of up to approximately $23 million (JBIC portion) in FirstElement Fuel Inc. (FEF), a US company that operates hydrogen stations in California.

Japan Bank for International Cooperation offers banking services, and provided international financing, overseas investment loans, untied loans, overseas projects loans, and other services.

The Baker McKenzie team was led by partner Emery D. Mitchell (Picture), associate Maxim V. Tsotsorin, Tokyo office partners Safari Watanabe, Tetsuo Tsujimoto, Kosuke Suzuki, senior associate Satoshi Abe and associate Kensuke Oki.

Involved fees earner: Satoshi Abe – Baker McKenzie; Emery Mitchell – Baker McKenzie; Kensuke Oki – Baker McKenzie; Kosuke Suzuki – Baker McKenzie; Maxim Tsotsorin – Baker McKenzie; Tetsuo Tsujimoto – Baker McKenzie; Safari Watanabe – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Japan Bank for International Cooperation – JBIC;

Author: Ambrogio Visconti