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RHJ International sells its 77.9% ownership of Niles Co. to Valeo for ¥15.4 billion (€135 million)

February 2011

Client(s) RHJ International SA

Jones Day advised RHJ International SA in its sale of its 77.9% interest in Niles Co., Ltd., a Japanese auto parts manufacturer, to Valeo SA, a worldwide leader in the interior controls market, for a total cash consideration of ¥15.4 billion (€135 million). Nissan sold its minority ownership interest in Niles to Valeo as part of the same transaction. The transaction values Niles at a total enterprise value of ¥36 billion (€313 million). The sale reflects a further step in RHJI's transformation from an industrial holding company into a dynamic financial services group.

In addition to M&A representation, Jones Day provided banking, tax, antitrust, business restructuring and reorganization, international litigation and arbitration, intellectual property, labor and employment, environmental, real estate, and trial practice advice regarding this transaction.

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