Firm advises Japanese auto company on WA investment

A law firm has acted on a $120m investment in a Western Australian car dealership network by a Japanese automotive group.

Herbert Smith Freehills has advised Japanese automotive group Gulliver International on a $120m investment in WA’s largest automotive dealership group.

Gulliver’s investment of a majority shareholding of DVG Automotive Group was implemented by an experienced cross-border HSF team, led by partners Damien Roberts, based in Tokyo and Ian Williams, based in Brisbane.

Roberts said he expects to see further investment in Australia by Japanese companies over the next 12 month period.

“Gulliver has an outstanding business model in car sales distribution, and has already expanded its business to the US, New Zealand and Southeast Asia,” he said.

“As this was the company's first venture into Australia, Gulliver was reassured by our team's ability to advise them from Tokyo to Perth, in their own language, with genuine market expertise, and to work seamlessly with their other advisers to help close the deal.”
 

Recent articles & video

Columbia Law Review website taken down amid controversy over editorial process

Lawyers challenge US$ 78 million fee award in T-Mobile data breach settlement

Backlog of 80,000 cases at India's Supreme Court impedes justice: International Bar Association

Lucky seven promoted to partner at Lander & Rogers

CBP adds three to insurance partnership

JWS helps MM Capital Partners fund with PPP project stake pickup

Most Read Articles

First-ever cohort of the best dealmakers in Australia and New Zealand unveiled

Four join Corrs partnership in promotions round

Federal Court rules against cosmetics company for misleading conduct and trademark infringement

Baker McKenzie brings victory for Garuda Airlines in High Court