Gilbert + Tobin is advising Korean headquartered Hankook Tire on its acquisition of one of Australia’s leading tyre retailers, JAX Tyres.

By acquiring JAX Tyres, the transaction strengthens Hankook Tire’s global tyre distribution business. The acquisition will also provide Hankook Tire with an opportunity to expand in non-tyre offerings by pursuing initiatives in light repairs and other new product and service segments.

Corporate Advisory Partner David Josselsohn said:

“We are very pleased to advise Hankook Tire on this important strategic transaction, working seamlessly with Hankook Tire’s Korean advisors”.

The Gilbert + Tobin team is being led by Corporate Advisory partner David Josselsohn and is supported by Tax partner Muhunthan Kanagaratnam and lawyers Shelley Burger (Corporate Advisory), Kylie Hocek (Corporate Advisory) and Chris Merjane (Tax). Lawyers from other specialist practices were also involved.

Gilbert + Tobin is ranked Band 1 in Corporate/M&A for Chambers Asia-Pacific and the M&A team consistently advises on the largest deals in the market including the A$12.6 billion bid for Asciano, Australia’s largest M&A deal in 2016.