Herbert Smith Freehills has advised Japanese automotive group Gulliver International on a $120m investment in WA’s largest automotive dealership group.
Gulliver’s investment of a majority shareholding of DVG Automotive Group was implemented by an experienced cross-border HSF team, led by partners Damien Roberts, based in Tokyo and Ian Williams, based in Brisbane.
Roberts said he expects to see further investment in Australia by Japanese companies over the next 12 month period.
“Gulliver has an outstanding business model in car sales distribution, and has already expanded its business to the US, New Zealand and Southeast Asia,” he said.
“As this was the company's first venture into Australia, Gulliver was reassured by our team's ability to advise them from Tokyo to Perth, in their own language, with genuine market expertise, and to work seamlessly with their other advisers to help close the deal.”