Gleiss Lutz advised the Japanese Mizuho Bank on the financing of the acquisition of H.C. Starck Tantalum and Niobium GmbH by JX Nippon Mining & Metals Corporation, a subsidiary of the listed JXTG Holding. The transaction was completed at the end of June 2018, with the financing being provided by the Düsseldorf branch of Mizuho Bank.
H.C. Starck Tantalum and Niobium turns secondary raw materials and ores into new metal powders for use in, for example, the automotive sector and electrical engineering. With the sale, around 2,600 employees worldwide are moving to the oil and metals company JXNMM, which in turn belongs to JXTG Holding. Listed in Japan, JXTG Holding has more than 24,000 employees across the globe.
Together with the Japanese law firm Anderson, Mori & Tomotsune, Gleiss Lutz advised Mizuho Bank in particular on the loan agreement and the other principal financing agreements, which were all subject to German law.
The Gleiss Lutz team acting for Mizuho consisted of Frank Schlobach (partner, lead) and Patrick Reuter (both finance, Frankfurt).
The original press release can be found here on Gleiss Lutz’s website.