Global law firm White & Case LLP has advised Gildemeister AG on aspects of corporate, capital markets and antitrust law as the company strengthens its collaboration with the Japanese machine tool manufacturer Mori Seiki. Gildemeister and Mori Seiki have been cooperating in areas of production, procurement, distribution and research since 2011 and have now increased their cross-shareholdings.
White & Case advised on a non-cash capital increase of approximately €55 million and a rights issue of approximately €220 million. The Firm also advised on the name change of the two cooperation partners; Gildemeister AG will be named DMG Mori Seiki AG and the Japanese machine tool manufacturer will be named DMG Mori Seiki Co. Ltd. The transaction structure raised complex corporate issues under both German and Japanese law. The non-cash capital increase consisted of a contribution of shares in a Japanese company and shares in a US company.
The White & Case team was led by capital markets partners Dr. Lutz Krämer and Dr. Benedikt Gillessen and supported by partners Dr. Alexander Kiefner (corporate), James Black (capital markets), Dr. Börries Ahrens (antitrust) and associates Dr. Vanessa Seibel (corporate), Karl Pires and Aoi Koyanagi (both corporate, Tokyo).
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