Kinstellar teams in Bucharest, Budapest, and Prague have worked alongside international counsel Sidley & Austin in advising Nidec, a leading Japanese manufacturer of electric motors, on the acquisition of Leroy-Somer and Control Techniques from Emerson Electric Co. Motors, a US provider of products and services for a wide range of industrial, commercial, and consumer markets. The transaction, valued at USD 1.2 billion, involved several jurisdictions across Europe, USA, and Asia and is part of Nidec’s strategy to expand its industrial and commercial business in Europe.
Nidec Corporation is a Japanese manufacturer of electric motors. Their products are found in hard-disk drives, electric appliances, automobiles and commercial and manufacturing equipment. Emerson Electric Co. Motors is a global provider of innovative solutions for customers in industrial, commercial, and consumer markets around the world.
The Kinstellar team consisted of Partner Razvan Popa and Senior Associate Oana Costache in Bucharest, Partner Anthony O’Connor and Counsel Akos Nagy in Budapest, and Partner Jan Juroska and Senior Associate Jan Pfeffer in Prague.
Kinstellar did not reply to our inquiry about counsel for Emerson Electric Co.
Editor's Note: After this article was published, Kinstellar informed CEE Legal Matters that Davis Polk and Wardwell has served as global counsel to Emerson Electric Co.
In addition, CEE Legal Matters was informed that Musat & Asociatii had advised Emerson Electric Co. on Romanian elements of the deal. The firm's team was coordinated by Partner Iulian Popescu and included Partners Ileana Lucian and Monia Dobrescu, Tax Partner Razvan Graure, Tax Manager Roxana Dobrogeanu, Senior Associates Andrei Ormenean, Alina Solschi, and Alina Tacea, and Associates George Ghitu and Alina Man.
