Jenner & Block

Jenner & Block Represents KEMET Corporation in Acquisition of NEC TOKIN and Sale of NEC TOKIN’s Electromechanical Devices Division

Jenner & Block is representing KEMET Corporation, a leading global supplier of passive electronic components, in two significant cross border transactions.

In the first transaction, KEMET is acquiring NEC TOKIN Corporation from NEC Corporation.  Upon closing, NEC TOKIN will change its name to TOKIN Corporation and become a wholly owned subsidiary of KEMET.  The second deal is NEC TOKIN’s sale of its Electromechanical Devices business to NTJ Holdings 1 Ltd., a special purpose entity that is owned by funds managed or operated by Japan Industrial Partners, Inc., a private equity firm, for approximately $422 million, or approximately JPY 48.2 billion.  Both transactions are expected to close in early April 2017.

The deal teams are led by Partner H. Kurt von Moltke and include Partner Geoffrey M. Davis, Associate Rafi W. Mottahedeh and visiting attorney Takamasa Horio.

Please click here for a press release about both transactions.