Hon Hai Precision Industry (Foxconn), the world’s largest electronics manufacturer, announced that it has reached an investment agreement with ZF Friedrichshafen (ZF Group), one of the world’s largest automotive suppliers. Pursuant to the agreement, ZF Group will carve out its chassis systems and modules business in 25 locations worldwide to a newly founded holding company and Foxconn agreed to acquire a 50 percent stake of the new company. Foxconn and ZF Group expect to close the deal within six to nine months after signing, subject to regulatory approvals.
The S&C team that advised Foxconn includes Ching-Yang Lin, York Schnorbus, Joon Seok Hong, Silke Jurczyga, Brian Hu, Daniel Roggenkemper, Katharina Leonhardt, Yiming Li, Felix Melchior and Ozan Yildirim. Joseph Matelis, Juan Rodriguez, Axel Beckmerhagen, Qingyang Song, Eric Kadel, Manon Scales, Peter Klormann, Marielena Doeding and trainee solicitor Maya Nuyts advised on antitrust, CFIUS and FDI matters. Jameson Lloyd, HyunKyu Kim, Ellen Kim, Stephen Profeta, Xiaxia Wan, Andrew Thomson and Michael Orchowski advised on tax matters. Mehdi Ansari, Matthew Rosenberg, Hedwig Zheng and Jamie Chang advised on intellectual property matters. Eric Queen and Bradley Smith advised on HSR matters. Alexander Capogna and Rebecca Rabinowitz advised on executive compensation matters. Vanessa Blackmore and Esther Jeapes advised on U.K. law matters.