Better Chance Advises Joyson Safety Systems on its Transaction with MGC Group

Press-release

Better Chance Advises Joyson Safety Systems on its Transaction with MGC Group

23 December 2024

Better Chance acted as legal counsel to the global automotive components manufacturer Joyson Safety Systems (JSS) in connection with the sale of 100% shares in its Russian subsidiary, Joyson Safety Systems Rus LLC, to MGC Group.

JSS is a leading global supplier of automotive safety systems, including airbags, seatbelts and steering wheels. The company was established in 2018 based on the assets of the bankrupt Japanese firm Takata. JSS generates approximately USD 5 billion in annual revenue and operates in 25 countries.

MGC Group is a Russian group of companies specialising in automotive components and passive safety systems. It operates 11 plants in Russia, producing parts and performing stamping and welding for car body elements.

The project team included partner Artem Tamaev, associate Maria Larionova and trainee Kirill Evstifeev advising on corporate law matters, as well as partner Vladimir Barbolin, associate Victoria Bochkareva and trainee Dzhisan Sangadzhi-Goryaev advising on finance matters. Senior associate Ani Tangyan supported the team on regulatory matters.

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