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JENSEN-GROUP and MIURA create heavy-duty laundry joint venture in Japan

April 2023

Client(s) JENSEN-GROUP

Jones Day advised JENSEN-GROUP in the formation of a joint venture with MIURA whereby the JENSEN-GROUP acquired 49% of the shares of Inax Corporation, one of the main manufacturing and distribution companies for heavy-duty laundry equipment in Japan and a Japanese wholly owned subsidiary of MIURA, and MIURA took a 20% stake in the JENSEN-GROUP through a combination of 49% of the shares of Inax and an add-on capital increase in cash.

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