8 July 2019
Clifford Chance advises Teijin on acquisition of Benet Automotive
Clifford Chance has advised Teijin Holdings Netherlands B.V., the Teijin Group’s holding company in the Netherlands which is a technology-driven global group offering advanced solutions that combine three different business domains - materials, healthcare and IT, on the acquisition of Benet Automotive s.r.o., a Czech-based supplier of composite components to the automotive industry. The seller was Jet Alfa, a.s., belonging to Jet Investment group, a private equity investment company based in Brno, Czech Republic.
Benet has three facilities in the Czech Republic and one in Germany to serve European automotive OEMs including Volkswagen, Mercedes, BMW, Audi and Skoda. The company recorded sales of EUR 35.2 million (USD 40 million) in fiscal 2018.
More information can be found in Teijin’s press release, which is available here.
The Clifford Chance core team advising on the transaction consisted of Prague office's managing partner and head of the corporate practice Alex Cook, M&A counsel Michal Jašek and associate Veronika Kinclová. The core team was supported by colleagues from Clifford Chance Germany and other colleagues from the Prague office.