Clifford Chance taps cross-border team for international acquisition

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Clifford Chance has fielded a team of lawyers from Japan and Germany in a cross-border deal that shows continued interest of Japanese investors in German companies.

The Magic Circle firm advised Japan Bank for International Cooperation (JBIC) on the subscription of non-voting-class shares in JX Metals Deutschland (JXMD), which is a wholly owned subsidiary of JX Nippon Mining & Metals Corporation.

The deal is worth €85.6m. JXMD was established to acquire all shares in H.C. Starck Tantalum and Niobium, one of the world’s largest suppliers of tantalum and niobium products, which are widely used in the Japanese electronics sector.

Tokyo partner Tatsuhiko Kamiyama and Frankfurt partner Jörg Rhiel led the Clifford Chance team. They were supported by counsel Werner Brickwedde in Düsseldorf and senior associate Yusuke Kobayashi in Tokyo. Associate Maria Luisa Köhler also worked on the deal in Düsseldorf.

“This transaction is another example of continuous and strong interest in Germany by Japanese investors,” Rhiel said.

 

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