Legal DealFolio - TowerJazz Japan/Panasonic Corporation Joint Venture

DLA Piper advised client TowerJazz Japan Ltd. on the completion of a Joint Venture with Panasonic Corporation. The Joint Venture has received Panasonic's semiconductor manufacturing processes, at its three factories in Hokuriku, Japan, which will be delivered by TowerJazz for a period of five years. TowerJazz are holding 51% and Panasonic are holding 49% of the Joint Venture. TowerJazz will continue Panasonic's production of semiconductors as a subcontractor for Panasonic, whilst also being able to offer its own customers state-of-the-art digital technology at an increased capacity and growing their revenue by approximately USD400 million per annum. The JV will allow Panasonic to leverage TowerJazz's business to capture out-of-group sales. The deal was led by Hajime Iwaki (Partner, Corporate) and supported by Makiko Takewaki (Senior Associate, Tax), Keiji Nasuda (Associate, Employment) and Keitaro Uzawa, (Associate, Tax). Ryo Takizawa (Associate, Lit. and Reg.), Kayo Ishikawa (Associate, Tax) and Ailin Sekito (Notary, Corporate) also assisted the due diligence process and documentation.

Deal Date:	08-04-2014	Practice Area:	Corporate and M&A
Deal Title:	TowerJazz Japan/Panasonic Corporation Joint Venture	Industry:	Electronic & Electrical Equipment
Description:	DLA Piper advised client TowerJazz Japan Ltd. on the completion of a Joint Venture with Panasonic Corporation. The Joint Venture has received Panasonic's semiconductor manufacturing processes, at its three factories in Hokuriku, Japan, which will be delivered by TowerJazz for a period of five years. TowerJazz are holding 51% and Panasonic are holding 49% of the Joint Venture. TowerJazz will continue Panasonic's production of semiconductors as a subcontractor for Panasonic, whilst also being able to offer its own customers state-of-the-art digital technology at an increased capacity and growing their revenue by approximately USD400 million per annum. The JV will allow Panasonic to leverage TowerJazz's business to capture out-of-group sales. The deal was led by Hajime Iwaki (Partner, Corporate) and supported by Makiko Takewaki (Senior Associate, Tax), Keiji Nasuda (Associate, Employment) and Keitaro Uzawa, (Associate, Tax). Ryo Takizawa (Associate, Lit. and Reg.), Kayo Ishikawa (Associate, Tax) and Ailin Sekito (Notary, Corporate) also assisted the due diligence process and documentation.
Financial Center:	Tokyo	Value:	0.00-0.00
Advised Party:	Joint Venture Party	Law Firm	DLA Piper
JV Party Jurisdiction	Japan	JV Party Jurisdiction	Japan
Classification:	Joint Ventures Continuing Business Partnership	Lawyer	Hajime Iwaki

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers