Dias Carneiro and Nishimura & Asahi advise Mitsubishi Heavy Industries on the deal.
The Japanese manufacturer of engines and drives Nidec executed the acquisition of the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd., all the Mitsubishi Heavy Industries Group-owned shares of 3 overseas subsidiaries and the machine tool business run by 9 overseas subsidiaries – including Brazil.
The closing of the transaction is expected to take place in May, depending on the completion of certain conditions precedent – among which there is the antitrust clearance and regulatory approval in several countries.
Mitsubishi Heavy Industries Machine Tool makes production equipment for automotive gear, which requires precision and specialized skills, and Nidec hopes to use the unit’s know-how to produce more gears in-house.
Dias Carneiro Advogados’ team included Thiago Vallandro Flores, partner (Picture), Artur Fernandes Andrezo, partner, André de Melo Ribeiro, partner, Débora Trovões Cabral, associate, Pedro Xavier de Mendonça Bandeira Azevedo, associate.
Nishimura & Asahi’s team included Hiroko Shibata, partner, and Keitaro Hamada, partner.
Involved fees earner: André de Melo Ribeiro – Dias Carneiro Advogados; Pedro Xavier de Mendonça Bandeira Azevedo – Dias Carneiro Advogados; Artur Fernandes Andrezo – Dias Carneiro Advogados; Débora Trovões Cabral – Dias Carneiro Advogados; Thiago Vallandro Flores – Dias Carneiro Advogados; Keitaro Hamada – Nishimura & Asahi; Hiroko Shibata – Nishimura & Asahi;
Clients: Mitsubishi Heavy Industries Ltd;