Hogan Lovells, in conjunction with Indian firm Phoenix Legal, has advised Japan’s largest stationery maker Kokuyo on its acquisition of Riddhi Enterprises, a Mumbai-based notebook manufacturer.
The acquisition is anticipated to be made through Kokuyo’s subsidiary Kokuyo S&T and will result in the creation of Kokuyo Riddhi Paper Products, a wholly owned entity based in Mumbai. The transaction was announced on 6 September 2013 and is expected to close in October 2013.
The Osaka-based stationery maker has been best known for its signature Campus-brand notebooks and now provides a range of office supplies in numerous countries.
The acquisition of Riddhi will provide Kokuyo with immediate access to its global marketing network across the US, South America, the Middle East and Africa and aligns with Kokuyo’s strategy to expand into overseas markets. India has been a foothold of this expansion since Kokuyo acquired a majority stake in Mumbai-based ink and pen manufacturer Camlin in May 2011.
The cross-border Hogan Lovells team advising Kokuyo was led by Tokyo corporate partner Rika Beppu and supported by of-counsel Jacky Scanlan-Dyas and associate James Nepaulsingh.