Kinstellar has advised the Nidec Corporation, a Japanese manufacturer of electric motors, on Slovak law aspects of its acquisition of Brazilian compressor business Embraco from Whirlpool Corporation for US 1.08 billion in cash. Sidley Austin served as global legal counsel to the Nidec Corporation.
Embraco, headquartered in Brazil, had been a Whirlpool majority-owned business unit since 1997. The business has manufacturing facilities in Brazil, Italy, China, Slovakia, and Mexico. Embraco also maintains commercial offices in the United States and Russia.
The transaction, which is expected to be finalized in early 2019, remains subject to regulatory approvals and other customary closing conditions.
The Kinstellar team was led by Partner Adam Hodon and included Senior Associate Tomas Melisek and Associates Katarina Zemlova and Andrea Snopekova.