Skip to main content

news

Skadden, Arps, Slate, Meagher & Flom has advised Chinese auto tech startup ECARX Holdings on its $3.82 billion merger with blank-check firm COVA Acquisition, which was advised by Orrick, Herrington & Sutcliffe.

Founded in 2017, the Wuhan-headquartered ECARX focuses on technology used in car chips, high-definition maps and smart vehicles, said Reuters.

The deal with COVA includes a $45 million investment from mobility tech company Geely, lidar sensor maker Luminar Technologies and automotive company Lotus Technology, Reuters added.

The Skadden team was led by partners Peter Huang and Shu Du, supported by partners Bruce Goldner and Victor Hollender. The Orrick team was led by partners Albert Vanderlaan and Hari Raman and included partners Jeff Zhang, Shelley Zhang, Peter Elias, Sarah Schaedler, Steven Malvey, Hannon Yavorsky, and Michael Wiesner.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.