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Zeder shareholders sell 50% interest
Under the guidance of Baker McKenzie, Zeder Corporation shareholders have sold their 50 per cent interest in the automotive company.
Lauren Croft
Firm: Baker McKenzie (Zeder Corporation).
Value: N/A.
Area: Finance.
Key players: Baker McKenzie’s corporate, tax, banking and finance and property teams in each of these jurisdictions were involved in the deal: Arthur Apos, Sam Mossman, Taylor Zhao, Stebin Sam, Marissa Volaris and Helena Lau (Melbourne); Duncan McGrath, Miles Hurst, Candace Hennessy, Alexandra Stead, Emily Tsoi, Lara Illic, Tom Humphrey and Amer Nasr (Sydney); Sarah Merrett, Amye McArthur and Meredith Kawamura (Brisbane); Andrew Sagor and Amit Parekh (New York); and Simon Porter and Madeleine Barrow (London).
Deal significance: Zeder Corporation is the world’s largest and leading manufacturer of automotive polyurethane bushings and related accessories, with operations in Australia, US, UK, and Vietnam. The sale was funded by secured senior and mezzanine (vendor) financing and involved the Baker McKenzie Sydney, Melbourne, Brisbane, New York and London offices.
Lead partner Arthur Apos commented: “We thank our clients for the opportunity to assist them in successfully navigating the complex transactional and financing issues across multiple jurisdictions, highlighting our strong M&A and financing credentials and our global footprint which were instrumental in achieving a successful commercial outcome.”
Lauren Croft
Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.
