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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.
Please click here for a press release about both transactions.