8 November 2017
Clifford Chance advises Fujitsu on formation of JV with Lenovo and Development Bank of Japan
Leading international law firm Clifford Chance advised Fujitsu Limited on the formation of a joint venture with Lenovo Group Limited and the Development Bank of Japan Inc. The joint venture will focus on the research, development, design, manufacturing and sales of Client Computing Devices for the global PC market.
Fujitsu will sell a 51% stake in its wholly owned subsidiary Fujitsu Client Computing Limited to Lenovo and a 5% stake to DBJ. After the transaction, FCCL will become a joint venture company owned by Fujitsu, Lenovo and DBJ and will continue to be known as Fujitsu Client Computing Limited.
Lead partner Natsuko Sugihara said, "We are delighted to have been able to advise Fujitsu on this important and strategic move by the company."
Natsuko was supported by senior associates Masafumi Shikakura and Yvonne Zhong, and associate Brendon Tan. Intellectual Property advice was provided by partner Ling Ho.