WKB and Skadden, Arps have advised Joyson Electronics, a component supplier for global automotive manufacturers that is part of a Chinese consortium with Hong Kong-based private equity firm PAG, on Polish aspects of its USD 1.6 billion acquisition of the global assets of Takata Corporation. Freshfields Bruckhaus Deringer advised the sellers, with Wardynski & Partners acting as local Polish counsel.
The transaction closed on April 11, 2018.
The WKB team included Partners Jakub Jedrzejak and Ben Davey, Senior Associate Magdalena Piszewska, and Associate Katarzyna Kozak.
Wardynski & Partners assisted both Takata AG (Germany) and Takata Parts Poland sp. z o.o. (the Polish production facility) in areas related to due diligence and transactional procedures. The firm's team included Partner Izabela Zielinska-Barlozek, Legal Advisors Bartosz Kuras and Karol Czepukojc, and Real Estate Lawyer Mateusz Rydzewski.