Linklaters Advises Whirlpool on $1.08 Billion Sale of EmbracoLinklaters has advised Whirlpool Corporation on the sale of its Brazilian compressor business, Embraco, to Japanese motor manufacturer Nidec for US$1.08 billion in cash.
Embraco has been a Whirlpool majority-owned business unit since 1997 and has eight global manufacturing facilities in Brazil, Italy, China, Slovakia and Mexico, with commercial offices in the United States and Russia.
The acquisition agreement was signed on April 24, 2018. The transaction is expected to close in early 2019, subject to regulatory approvals and other customary closing conditions.
The Linklaters team was led by Corporate Partners Peter Cohen-Millstein and Nick Rees; and Senior Associates Kyle Colvin and Tai Vivatvaraphol.