PRK Partners advises Yokohama Rubber on Czech legal aspects of €2bn acquisition of Sweden’sTrelleborg Wheel Systems Holding

PRK Partners, in cooperation with lead counsel Freshfields Bruckhaus Deringer has advised The Yokohama Rubber Co., Ltd., on acquiring the entire wheel systems business of Swedish-listed Trelleborg AB, for an enterprise value of over €2bn.

The transaction is to be effected via a share purchase of 100 per cent of the shares in Trelleborg Wheel Systems Holding AB (‘TWS’) from Trelleborg AB. TWS manufactures and sells off-highway tyres for agricultural and industrial machinery. A small part of the purchase price is subject to an earnout. The acquisition is expected to complete in the second half of 2022, after completion of necessary procedures required by the competition laws of the European Union and other countries.

PRK Partners’ team advised on the Czech aspects of the transaction and carried out legal due diligence of the target’s business in the Czech Republic. The team was led by the firm’s partner Radan Kubr with support from senior associate Katerina Hajkova.