M&A Team advises Hyundai Motors Company on KRW 200 billion acquisition of Kefico
2012.07.27.
Yulchon's M&A team represented Hyundai Motors Company and Kefico Corporation in a KRW 200 billion transaction which ultimately resulted in Hyundai Motors obtaining 100% of Kefico's shares. It was a two-step transaction. In the first stage, Hyundai Motors became the sole shareholder of Kefico, by retiring, with consideration, a 50% equity interest of Robert Bosch GMBH, an automotive components company that was partner to a joint venture contract with Kefico. In step two, Kefico's business was partly transferred to Bosch and its subsidiaries. By acquiring Kefico, a leader in automotive electronic management systems technology, HMC hopes to strengthen its electronic management technology and actively develop independent technologies.
Yulchon advised on the entire transaction, beginning with reviewing the transaction structure, negotiations and drafting relevant contracts, reporting to relevant authorities of each country and concluding the transaction.
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