Debevoise Advises Mitsui in its Acquisition of 20% Limited Partnership Interest in Penske Truck Leasing Co., L.P.

19 March 2015

Debevoise & Plimpton LLP is advising Mitsui & Co., Ltd. (“Mitsui”), in its agreement to invest in Penske Truck Leasing Co., L.P. (“PTL”), a full service truck leasing, truck rental and logistics business that mainly operates in the United States. Through two newly established holding companies, Mitsui has acquired a 20% limited partnership interest in PTL from General Electric Capital Corporation (“GECC”).

Mitsui & Co., Ltd. is one of the world’s most diversified and comprehensive trading, investment and service enterprises. Headquartered in Tokyo, Mitsui maintains a global network of 142 offices in 66 countries, and has 426 subsidiaries and associated companies worldwide.

The Debevoise team is led by partner Ezra Borut and includes partners Kenneth J. Berman, Craig A. Bowman, Gary M. Friedman and Christopher Smeall, counsel Naomi Aoyama, Huey-Fun Lee, Brandon C. Gruner and Stuart Hammer, and associate Matthew M. Delja.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.