自動車とモビリティ

Corporate/M&A Matters

Sidley regularly represents OEMs, suppliers, investors, and others in leading-edge deals and corporate work.

Represented Stonepeak in its acquisition of Fleet Companies (Fleet), a leading regional trailer dealership and leasing company.
Represented Geely Automobile Holdings Limited (HKEX: 175) (Geely Auto) on the distribution of American Depositary Shares of ZEEKR to Geely Auto’s qualifying shareholders pursuant to Practice Note 15 to the Hong Kong Listing Rules and Regulation S under the U.S. Securities Act, which is in connection with the spin-off listing of ZEEKR Intelligent Technology Holding Limited (NYSE: ZR) (ZEEKR) on the New York Stock Exchange.
Represented ACPS Automotive, a portfolio company of TowerBrook Capital Partners and Bridgepoint, on a successful debt refinancing provided by a club of lenders.
Guided Anthelion Capital Holdings through the acquisition of the Energy business unit, a provider of turnkey fleet-scale high-power charging solutions and software for commercial-grade electric vehicle fleets, of integrated electric bus and commercial vehicle power train manufacturer Proterra Inc. The acquisition was made pursuant to a Chapter 11 plan of reorganization confirmed on March 6, 2024 in the Chapter 11 bankruptcy cases of Proterra and its subsidiary in the United States Bankruptcy Court for the District of Delaware, and closed on March 13, 2024.
Representing Vehicle Accessories, Inc., a portfolio company of Kinderhook Industries, LLC, in its acquisition of Maxton Group, Inc., a designer and producer of automotive products and accessories to automotive original equipment manufacturers.

Represented Ryde Group Ltd (NYSE American: RYDE) in its initial public offering and listing of its Class A ordinary shares on the NYSE American.
Represented Geely Automobile Holdings Limited (HKEX: 175) (Geely Auto) on the distribution of American Depositary Shares (ADSs) of ZEEKR to Geely Auto’s qualifying shareholders pursuant to Practice Note 15 to the Hong Kong Listing Rules and Regulation S under the U.S. Securities Act, which is in connection with the spin off listing of ZEEKR Intelligent Technology Holding Limited (NYSE: ZR) (ZEEKR) on the New York Stock Exchange. ZEEKR raised more than US$440 million in the transaction, making it the largest U.S. IPO of China concept stocks in the past three years.
Advised on the IPO of Changjiu Holdings Limited (HKEX: 6959) on the Main Board of the Hong Kong Stock Exchange (HKEX). The offering raised approximately HK$300.7 million. Sidley acted as Hong Kong legal counsel for the joint sponsors: CITIC Securities (Hong Kong) Limited and ICBC International Capital Limited Changjiu Holdings Limited is the largest pledged vehicle monitoring service provider in China’s automobile sales and distribution industry.
Sidley advised Faraday Future Intelligent Electric Inc. in connection with its purchase and simultaneous sale leaseback of its Hanford, CA, electric vehicle manufacturing facility.
Sidley represented Mapbox Inc., a location platform company, powering maps and navigation for major automotive OEMs, in its US$280 million Series E funding round.
Sidley is representing Accelera by Cummins, a business unit of Cummins Inc. [NYSE: CMI], in its joint venture with Daimler Truck, PACCAR, and Eve Energy Co., Ltd. to manufacture battery cells for electric commercial vehicles. The total expected investment is in the range of US$2 to US$3 billion for the factory.
Represented ChargePoint Holdings in its US$150 million senior secured revolving credit facility with JPMorgan Chase Bank, as administrative agent. JPMorgan Chase Bank and HSBC Ventures USA acted as joint lead arrangers and joint bookrunners for the credit facility.
Represented Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE), in its new funding commitment of US$90 million plus the acceleration of an existing commitment of US$15 million.
Represented BMW Group, a lead investor along with Ford Motor Company and Volta Energy Technologies, in the $130 million Series B investment in Solid Power.
Represented Volkswagen AG in its its co-investment with Ford Motor Company in autonomous vehicle technology company, Argo AI, valuing Argo at US$7.1 billion.
Represented Fifth Wall as lead investor in the Series C funding round of Ascend Elements, a battery recycling startup that aims to revolutionize lithium-ion recycling through its cutting-edge technology.
Represented BMW i Ventures in its Series A investment in Ampeco.
Represented Geely Automobile Holdings Limited (“Geely Automobile”) (HKEX: 175) in connection with the placement of 600 million new shares. The total transaction value is approximately HK$6.48 billion.
Represented Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, in its US$100 million unsecured convertible notes financing commitments.
Represented Faraday Future in its business combination with Property Solutions Acquisition Corp. (NASDAQ: PSAC), a special purpose acquisition company, in a transaction with an implied pro forma equity value of US$3.4 billion that included a US$775 million PIPE.
Represented Pilot Company in a three-party transaction among General Motors (GM), Pilot and EVgo to build out a national DC fast charging network that will help accelerate the widespread adoption of EVs, increase access to charging, and help enable long-distance electric travel of people and vehicles across the U.S. The collaboration is targeting the installation of charging stalls at approximately 50-mile intervals across the U.S.
Representing Magna International Inc. (TSX: MG; NYSE: MGA) (Magna) in its agreement to acquire the Veoneer Active Safety business from SSW Partners for US$1.525 billion in cash.
Representing Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company, in its pending business combination with Plus (formerly Plus.ai), a global provider of self-driving truck technology.
Advised ACPS Automotive, a technology and market leader in towbars/hitches for cars, SUVs, and vans, on the completion of its financial restructuring.
Represented Athene Holding Ltd. in its US$891 million acquisition of Donlen Corporation from Hertz Global Holdings, Inc., pursuant to a Section 363 Sale approved by the US Bankruptcy Court in Delaware.
Representing Recharge Industries, a portfolio company of Scale Facilitation, on its acquisition of Britishvolt Limited.
Representing Thompson Street Capital Partners in the sale of its portfolio company Custom Wheel House, LLC to Fox Factory, Inc.
Represented Hennessy Capital Acquisition Corp. IV, a SPAC, US$2.4 billion business combination with Canoo Holdings Ltd., a Los Angeles-based high-growth electric vehicle company
Representing Athene and Donlen in the US$5 billion combination of Donlen and Wheels.
Represented Axis Capital, Citigroup, Kotak Mahindra, and Nomura in connection with the US$405 million initial public offering of equity shares of CarTrade Tech Limited, a multichannel auto platform with coverage and presence across vehicle types and value-added services.
Represented Evolve Transition Infrastructure LP, a portfolio company of Stonepeak Infrastructure Partners, in its agreement to pursue the creation of Levo Mobility LLC, a proposed new sustainable infrastructure joint venture with additional portfolio companies of Stonepeak Infrastructure Partners and Nuvve Holding Corp., aimed at accelerating the deployment of electric fleets, including thousands of zero-emission electric school buses nationwide.
Represented Denham Capital Management LP’s portfolio company Serra Verde in its US$150 million investment by Vision Blue Resources and The Energy & Minerals Group.
Represented Faraday Future in its business combination with Property Solutions Acquisition Corp. (NASDAQ: PSAC), a special purpose acquisition company, in a transaction with an implied pro forma equity value of US$3.4 billion that included a US$775 million PIPE.
Representing Navmatic in the acquisition by Superpedestrian. Navmatic is a startup that helps micromobility operators locate vehicles and correct their movements in real time.
Representing Wheels Donlen and its lead investor, Athene, in Wheels Donlen acquiring LeasePlan USA.
Represented Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, in a US$135 million financing agreement
Represented Thompson Street Capital Partners V, L.P., through its subsidiary in the acquisition of Custom Wheel House, LLC.
Represented Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, in an agreement for a new standby equity line of credit with an affiliate of Yorkville Advisors.
Representing Mizuho Securities USA, LLC as financial advisor to Vahanna Tech Edge Acquisition I Corp. (Nasdaq: VHNA), a special purpose acquisition company, in its US$683 million business combination with Roadzen, Inc., a privately held automotive insurance technology (or “insurtech”) company based in India.
Representing Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (Faraday Future), a California-based global shared intelligent electric mobility ecosystem company, in a comprehensive resolution to its governance dispute with its largest shareholder, FF Top Holding LLC (FF Top). As a result of this resolution, FF Top will dismiss its lawsuit against the company and its board of directors. Faraday Future concurrently announced the execution of two definitive agreements for new financing commitment of up to US$100 million total.
Represented Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, in its execution of a definitive agreement for a new financing facility. Under the facility framework for up to US$600 million of total funds, Faraday Future will receive an initial US$52 million of committed funds.
Representing Hagerty in its business combination with Aldel Financial Inc. (NYSE: ADF), a special purpose acquisition company (SPAC).
Represented TowerBrook Capital Partners in its acquisition of CarTrawler, a leading provider of car rental and mobility solutions to the global travel industry via a consensual restructuring.
Advised Yadea Group Holdings Ltd. (HKEX: 1585) in connection with its placement of new shares pursuant to Rule 144A and Regulation S.