On December 31, 2022, Foxconn Interconnect Technology Limited (6088.HK, “FIT“), a subsidiary of Foxconn Technology Group, signed a share purchase agreement with Prettl Produktions Holdings GmbH and Trilantic Europe, under which FIT will purchase all equity interests in Prettl SWH GmbH (“Prettl SWH“) for a consideration of €186.6 million (subject to price adjustment mechanism).
A professional team at Dentons Shanghai lead by partner Nancy Sun which includes partner Amanda Guo, senior associates Sunny Qin and Lyndon Lin, and paralegals Liam Lu and Leah Liu, acted as the leading counsels, coordinated a team of counsels from 12 jurisdictions, including members from Dentons offices in Asia, Europe and the Americas for the legal and HR due diligence and the review of the transaction documents in this project. Nancy Sun’s team will continue to provide follow-up legal services to FIT on issues such as the retention of key employees and the closing of the transaction.
In this project, Nancy Sun’s team organized and coordinated other Dentons offices in completing the legal and HR due diligence on 19 subsidiaries of Prettl SWH in 12 jurisdictions, including China, Korea, India, Vietnam, Germany, Turkey, Hungary, Morocco, Ukraine, Brazil, Mexico, and the United States, within a very limited timeframe. Along with completing the due diligence on the Chinese subsidiaries, Nancy’s team also reviewed and consolidated the due diligence reports of the other 11 jurisdictions, analyzed the legal requirements of the relevant jurisdictions, and reviewed the transaction documents based on the results of the due diligence in the target jurisdictions. With rich experience, rigorous and efficient working attitude and diligent workstyle, Nancy Sun’s team provided high-quality legal services to FIT and won high praise and recognition from the client.
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