Japan - Paul Weiss Advises PAG On USD1.58bn Joyson Safety Systems Acquisition Of Takata Assets.

Legal News & Analysis - Asia Pacific - Japan - Capital Markets

13 April, 2018

 

Paul, Weiss represented Asia-based private equity firm PAG in its investment in Joyson Safety Systems. As part of the transaction, its parent, Ningbo Joyson Electronic Corporation, injected its existing business into Joyson Safety Systems which then acquired substantially all of the global assets of Japan-based Takata Corporation for $1.58 billion out of cross-border bankruptcies in the United States and Japan.  The acquisition of Takata assets was funded using a combination of debt and equity.

 

PAG became the second largest shareholder in Joyson Safety Systems. Future Industry Investment Fund also provided equity to support the transaction.  

 

The Paul, Weiss team included corporate partner Jeanette Chan, counsel Corinna Yu and Kit Mak; and antitrust counsel Marta Kelly.