Pillsbury Advises CNH Industrial N.V. on Construction Equipment Joint Venture with Kobelco

Valued at an enterprise value of $1 billion, CNH’s Construction Equipment business will be jointly owned by Kobelco and CNH. CNH expects to receive $700 million in cash consideration, subject to adjustments for net debt, working capital and other customary items, and will retain a 30% equity interest in the joint venture.

Click here to learn more.

Corporate partner Drew Simon-Rooke led the Pillsbury team, which included partner Stan Pierson, counsels Nina Bakhtina and Brandon Eckford, senior associates Erin Choo and Grace Lee, and associates Jon Schreiber, Olivia Fong and Thomas Ly. Other team members included Capital Markets partner Gabriella Lombardi; Global Sourcing & Technology Transactions partners Mario Dottori and Andrew Caplan, special counsel Sarvesh Mahajan, senior associate Mark Booth and associates Johanna Lipponen, Samuel Markel, and Samson Verebes; Antitrust & Competition partner Michael Sibarium and attorney Evan Storm; Executive Compensation & Benefits partners Laura McDaniels and Colleen Lamarre and senior associate Ryan Kenny;  International Trade partner Matthew Rabinowitz, counsel Zachary Rozen and associates Narges Kahvazadeh and Erin Kwiatkowski; Regulatory partner Steven Farmer, senior associate Iris Karaman and associates Katy Burgess and Ethan Cao; Intellectual Property partner David Jakopin and special counsel Paul Thomas; Real Estate partner Noa Clark and associate Cait Horner; Environmental & Natural Resources partner Michael McDonough; Insurance Recovery & Advisory partner Alex Lathrop and senior associate Max Cardin; Tax partner Brett Willis and consultant John McLean; Finance partner Philip Tendler; UK Corporate partner Nick Burgess and counsel Christian Holbrook; Government Contracts & Disputes partner Meghan Doherty; Cybersecurity & Data Protection senior counsel Catherine Meyer; and China corporate partner Jenny Sheng.