Allen & Overy LLP has advised Tokai Rubber Industries, Japan, on the acquisition of automotive supplier Anvis from H.I.G. Europe, the European arm of H.I.G. Capital, which focuses on small and medium-sized businesses. The transaction is still subject to clearance by the competent cartel authorities. The parties have agreed not to disclose the purchase price.
Tokai Rubber Industries. Ltd. (TRI), a listed company based in Komaki City, Japan, is a manufacturer and seller of anti-vibration systems (AVS) and other components for the automotive industry as well as for companies from other industries. TRI has nearly 14,000 employees and generates consolidated annual turnover currently approximating EUR 2.5 billion.
Anvis, a company based in Steinau an der Straße, Germany, is a leading manufacturer of anti-vibration systems, which are primarily used in the automotive industry. The Anvis Group, which was established as a joint venture with the French Michelin Group, has approximately 2,000 employees at 13 locations in nine countries.
The merger of TRI and Anvis will result in the formation of the first global supplier of anti-vibration systems for the automotive industry.
The Allen & Overy team was led by partner Dr Hartmut Krause and comprised senior associate Alexander Wüpper, associate Mario Schollmeyer (all corporate/M&A, Frankfurt), partner Dr Asmus Mihm and associate Andreas Fertig (both tax, Frankfurt), partner Dr Hans-Peter Löw, senior associate Dr André Zimmermann and associate Dr Johanna Gerstung (all employment law, Frankfurt), counsel Dr Bettina Enderle, associates Stefanie Waibel and Andreas Ziegler (all public law, Frankfurt), partner Dr Jens Matthes and associate Miray Kavruk (both IP, Düsseldorf), partner Dr Walter Uebelhoer and associate Dr Ilja Baudisch (both banking, Munich) as well as partner Jürgen Schindler and associate Dr Daisy Walzel (both cartel law, Brussels/Hamburg).
Moreover, the following lawyers from Allen & Overy’s international network (Paris, Prague, Bucharest, Moscow and Shanghai offices) were involved in the transaction: partner Jean-Patrice Labautiere, associates Deborah Gelblat and Antoine Chatry (corporate/M&A, Paris), associate Arthur Sauzay (public law, Paris), partner Sabine Smith-Vidal, associates Christophe Marie and Norbert Thomas (all employment law, Paris), partner Jan Myska (corporate/M&A, Prague), partner Mihai Ristici and associates Radu Diaconu and Laurentiu Tisescu (all corporate/M&A, Bucharest), associate Dmitry Bazin (cartel law, Moscow) as well as partner Ji Zou (corporate/M&A, Shanghai).
In Japan, Allen & Overy cooperated with the law firm Hibiya-Nakata.
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