Hogan Lovells advises Motherson on its agreement with Honda Motors to acquire an 81 percent stake in Yachiyo Industry
Tokyo, 4 July 2023 – Global law firm Hogan Lovells has advised Samvardhana Motherson International Limited (“Motherson”), on the signing of an agreement via its subsidiary, SAHN BV, to acquire an 81 percent stake in Yachiyo Industry Co., Ltd., a TSE-listed subsidiary of Honda Motors Co., Ltd that produces value-added and next generation automotive products including sunroofs, fuel tanks, and other plastic automotive components.
Once completed, the transaction will result in an 81:19 strategic partnership between Motherson and Honda Motors, through which both partners will seek to drive Yachiyo towards a strong, sustainable future.
The global Hogan Lovells team advising Motherson was led from the firm’s Tokyo office by Corporate partners Jacky Scanlan-Dyas and Wataru Kamoto, with key support provided by counsel Viet Nguyen. Additional support on corporate matters was provided from Tokyo by senior associates Jumpei Seto and Kyal Hill, and associates Ray Dunn, Jordan Bird, Yasuyuki Shirabe, and Reina Goto. Support on IP aspects was provided by Tokyo office partner Hiroto Imai.
Global support on corporate matters was provided from Mexico City by partner Carlos Ramos Miranda; from São Paulo by partner Isabel Carvalho; from Beijing by partner Lu Zhou; and from Jakarta by partner Mochamad Kasmali, respectively.
Support with respect to competition law-related matters was provided from Paris by partner Eric Paroche.
The Hogan Lovells deal team worked closely with MUFG Bank, Ltd., who served as financial advisors to Motherson on the transaction.
Jacky Scanlan-Dyas commented, “We are proud to be representing Motherson on this landmark transaction for the company and its emerging global partnership with Honda Motors. The complex, global nature of the deal aligns perfectly with our global platform and our Tier 1 M&A team in Japan. It also highlights the strengths of our sector-based approach to client service.”