find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
In-house lawyer 1-4 PAE
Category: Generalists - In House | Location: Adelaide SA 5000
· Leading Brand · Report to a Dynamic Legal Counsel
View details
Auto company sells Tecalemit business

Auto company sells Tecalemit business

James Dickson

A mid-sized firm negotiated the sale of Cooper-Standard’s Tecalemit business and properties.

Firms: Piper Alderman (Cooper-Standard); Ashurst (BRMJ Pty Ltd)

Deal: Cooper-Standard Holdings sold its lubrication and workshop equipment business to various buyers, including BRMJ

Value: Undisclosed

Area: Corporate

Key players: The team from Piper Alderman consisted of partner James Dickson and senior associate Jen Tan.

Deal significance:

Cooper-Standard Holdings Inc., headquartered in the United States and listed on the New York Stock Exchange, is a multibillion-dollar global supplier of systems and components for the automotive industry in 20 countries, and is the largest Chinese automotive sealing manufacturer, according to a statement from Piper Alderman.

Mr Dickson said the transaction began as a simple M&A, but quickly became complex with unusual employment issues and the need for separate land sales.

“This required significant advice on restructuring to maximise value and involved extensive negotiations with multiple parties over many months,” he said.

“The subsequent restructuring of the transaction required by the purchasers towards the end of the transaction resulted in a significant amount of work to be done in a very short space of time. The contemporaneous business and land sales required as unusual level of planning to ensure continuity of business. “

 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Auto company sells Tecalemit business
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...