Anderson Mori & Tomotsune, DMD Advocates and JSA are advising on Tokyo Stock Exchange-listed Japanese company Hakuto’s proposal to acquire a 76% majority stake in Rabyte, which is based in Singapore and has an operational entity in India.
DMD assisted with transaction structuring, and drafting, negotiating and finalising the transaction documents.
Senior partner Rashi Dhir led the transaction team, with the support of partners Tarinee Sudan, principal associate Shubhangi Bhatnagar, as well as associates Arnav Mithal, Sarvagya Shankar and Jasmine Brar.
From an Indian tax perspective, DMD partner Rahul Sateeja and principal associate Vikrant A Maheshwari advised Rabyte.
Anderson Mori & Tomotsune acted as the international legal counsel and JSA advised on India law for Hakuto.
Partner Trisheet Chatterjee led the JSA team, with support from partner Sarvesh Kumar Saluja, principal associate Kaishori Raut, senior associate Neeral Jain and associate Nandini Mendiratta.
Partner Bharat Bhushan Sharma led on the real estate aspects of the transaction, with support from partner Mohit Aggarwal.
Manish Mishra, partner and head of the indirect tax practice, led the indirect tax team with support from counsel Ankur Mittal and associate Sameer Samal.
JSA conducted comprehensive legal due diligence on Rabyte and advised on transaction structuring and regulatory matters for Hakuto. The firm also assisted with the drafting and negotiation of transaction documents and supported the parties through to successful completion of the deal.
In a Hakuto announcement, it said it was looking to expand its electronic components and semiconductor distribution business in emerging markets, as well as co-develop new products.
Rabyte distributes semiconductors and electronic components across Asia through a franchised model, supported by a range of value-added services.
