Electrolux acquires Tosei Corporation
Client(s) Electrolux Professional AB
Jones Day advised Electrolux Professional Group, a Swedish professional appliance manufacturing company operating globally, in connection with its acquisition of Tosei Corporation from Marunouchi Global Fund II and Marunouchi Capital Fund II, both related to Mitsubishi Corporation, for approximately SEK 1,650 million (JPY 23.25 billion) on a cash and debt free basis. The acquired company, based in Tokyo, is a leading Japanese manufacturer of professional laundry equipment and vacuum packing machines.