Client or Matter Name
AUO Corporation - Taiwanese company world-leading innovator in display technologies for numerous industries.
Matter: Project Bluesky
Deal Description
We represented AUO Corporation (“AUO”), a Taiwanese company world-leading innovator in display technologies and innovations, in the acquisition of 100% of the shares of Behr-Hella Thermocontrol GmbH ("Behr-Hella"), a joint venture between MAHLE Behr GmbH & Co. KG and HELLA GmbH & Co. KGaA, dedicated to climate control and thermal management for the automotive industry. Behr-Hella has numerous subsidiaries, covering many jurisdictions, as Germany, India, Bulgaria and Mexico.
With respect to Behr-Hella's Mexican subsidiary, BHTC México S.A. de C.V. ("BHTC México"), GC provided AUO with holistic legal advice, in which various areas of the firm participated.
Innovation & Additional Comments
The operation was not only challenging due to its scope in multiple jurisdictions, but also due to the amount of the transaction, the number of areas involved, the time constraints in the delivery of the audit, and the regulatory complexity given the nature of the business.
Jurisdiction
Jurisdiction
Mexico, Germany, India, Bulgaria, among others.
Governing Law
Mexican legislation and applicable laws in other jurisdictions.
Deal Value
EUR $48,000,000
Deal Duration, Date of Closing / Signing
From July to September.
Practice Area
- Corporate
- Financing
- Environmental
- AML and compliance
- Regulatory
- Labor
- Foreign trade
- Real estate
- IP
- Litigation
Team GC
Lead Partner: José Victor Torres
Associate: Fernanda Koloffon
Law Clerk: Sofía Ramírez
Other practice areas involved in the due diligence.
Other firms involved
Clifford Chance: seller´s counsel
Davis Polk – Hong Kong: buyer´s counsel
