Stibbe advises Nisshinbo Holdings Inc.

Stibbe assisted Nisshinbo Holdings Inc. (a Japanese listed company having diverse line of businesses that include electronics, automobile brakes, mechatronics, chemicals, textiles, papers and real estate) in the sale and transfer of 100% of the shares of TMD Friction Group S.A. (a worldwide leading specialist for high-quality brake friction solutions for the automotive- and brake industry) to AEQUITA, a German industrial group for a total purchase price that remains confidential. The sale was completed in Q4 2023.

The TMD Friction Group employs more than 4,200 people worldwide with locations across Europe, the USA, Brazil, Mexico, China, and Japan.

For this transaction, the Stibbe team worked closely with Gleiss Lutz, Stuttgart, who acted as lead counsel.