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Gulliver travels to Australia
Japanese automotive group Gulliver has made a significant investment in a Western Australian car dealership network.
Felicity Nelson
Firms: Herbert Smith Freehills (Gulliver); P.A. Martino LL.B., Barrister & Solicitor (DVG)
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Deal: Gulliver International Co Ltd has acquired a majority shareholding in DVG Automotive Group.
Value: AU$120 million
Area: M&A
Key players: Partners Damien Roberts (pictured below) in Tokyo and Ian Williams in Australia led the team.
Mr Williams is a vice president of the Australia Japan Business Cooperation Committee and divides his time between Australia and Japan. Mr Roberts has been based in Tokyo since 2011 and regularly advises Japanese companies on Australian and cross-border deals. Both are fluent in Japanese.
Mr Williams and Mr Roberts were assisted by senior associate Claire Jelbart and associate Elisa Hayashi in Tokyo, and by partner Simon Reed, senior associate Sam Kings and graduate James Nagle in Perth.
Deal significance:
DVG Automotive Group is Western Australia's second largest automotive dealership group.
This acquisition represents Gulliver’s first venture into Australia.
