Debevoise Advises Mitsui in the Take Private of Penske Automotive Group through a Merger with Motown Acquisition Corp., an Entity Co-owned by Mitsui and Penske Corporation, at an Enterprise Value of $16.3 Billion

15 October 2026

Debevoise & Plimpton LLP is advising Mitsui & Co., Ltd. in the take private of Penske Automotive Group, Inc. (NYSE: PAG) through a merger with Motown Acquisition Corp., an entity co-owned by Mitsui and Penske Corporation, at an enterprise value of approximately $16.3 billion. For more information, please see the PAG press release.

The Debevoise team is led by M&A partners Ezra Borut and William Regner and includes partner Gordon Moodie, counsel Sarah Jacobson and Naomi Aoyama, and associates Athena Eleftheriades, Andrew Hong and John Simmons, finance partners Ryan Rafferty and Mayer Steinman and associates Ramsha Khursheed and Mitch Neuberger, executive compensation & benefits partner J. Michael Snypes, associate Simmie Jenkelowitz and law clerk Itzaes Flores, tax partners Rafael Kariyev and Samuel Krawiecz and associates Harshil Mehta and John Nissenblatt, capital markets partner Morgan Hayes and associates John Jacob and Eleanor Neilson, investment management partner Marc Ponchione and law clerk Anya Mansoor, IP and technology transactions partner Henry Lebowitz and associate Siena Stanislaus, antitrust partners Anne-Mette Heemsoth, Timothy McIver and Rebekah Scherr and associates Lina Hamidou, Sabine Violetta Kobienia and Lillian Lara, litigation partner Maeve O’Connor, counsel Amy Zimmerman, and associates Kobie Allen and Becca Murphy, national security partner Rick Sofield and associate Jordan Corrente Beck and environmental counsel Stuart Hammer.