Stibbe advises Nisshinbo Holdings Inc.

Matter
LU Law
Expertise
Corporate and M&A Restructuring and Insolvency

Stibbe assisted Nisshinbo Holdings Inc. in the sale and transfer of 100% of the shares of TMD Friction Group S.A. to AEQUITA.

A green car and a bus drive across a bridge with stone walls, lined with beige historical buildings, while the Alzette River flows below in Luxembourg City

Stibbe assisted Nisshinbo Holdings Inc. (a Japanese listed company having diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate) in the sale and transfer of 100% of the shares of TMD Friction Group S.A. (a worldwide leading specialist for high-quality brake friction solutions for the automotive- and brake industry) to AEQUITA, a German industrial group for a total purchase price that remains confidential. The sale was completed in Q4 2023.

The TMD Friction Group employs more than 4,200 people worldwide with locations across Europe, the USA, Brazil, Mexico, China, and Japan.

For this transaction, the Stibbe team worked closely with Gleiss Lutz, Stuttgart, who acted as lead counsel.

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