Clifford Chance has advised Teijin Holdings Netherlands B.V. on the acquisition of Benet Automotive s.r.o., a Czech-based supplier of composite components to the automotive industry, from Jet Alfa. DRV legal advised Jet Alfa.
The Teijin Group is a technology-driven global group offering solutions combining materials, healthcare, and IT. Jet Alfa is a member of the Jet Investment group, a private equity investment company based in Brno, Czech Republic.
Benet has three facilities in the Czech Republic and one in Germany to serve European automotive companies such as Volkswagen, Mercedes, BMW, Audi, and Skoda.
The Clifford Chance team consisted of Prague Managing Partner Alex Cook, Counsel Michal Jasek, and Associate Veronika Kinclova.
The DRV legal team was led by Partner Tomas Rada.