Department profile
Ropes & Gray LLP

Banking & Finance: International

Global Guide 2026 : Japan


Ropes & Gray LLP

Rankings

About

Provided by Ropes & Gray LLP

From leveraged buyouts, strategic M&A transactions and joint ventures, public offerings and capital markets issues to patent disputes, Ropes & Gray’s professionals in Tokyo are well-positioned to serve clients on their most important cross-border business issues. Our experience for clients with interests in Japan includes:

  • Bain Capital Private Equity, in the leveraged tender offer for Kirindo, which valued the company at approximately $380 million. 
  • Bain Capital Private Equity, in the leveraged tender offer for Nichii Gakkan, which valued the company at approximately $1.2 billion.
  • Kioxia Holdings Corporation, a world leader in memory products and solutions, in its acquisition of the SSD business, primarily located in Taiwan, from LITE-ON Technology Corporation. 
  • Bain Capital, as controlling consortium member, in connection with the approximately $18 billion (two trillion yen) acquisition and approximately $14 billion (1.5 trillion yen) acquisition and other financing for Toshiba Memory that was sold as a competitive auction. This transaction was awarded the 2018 “Japan Deal of the Year”, “M&A Deal of the Year” and the “Technology, Media & Telecommunications Deal of the Year” by the ALB, the M&A deal of the year for North Asia” by the Asia Legal Awards, ranked as “One of the Top Global PE Deals of 2018” by Pitchbook, and received standout recognition for innovation in managing complexity and scale from Financial Times.

Chambers Review

Provided by Chambers

Banking & Finance: International - Japan

Band 2

Band 2


What the Team is Known For

Ropes & Gray offers a notable sponsor-side practice heavily involved in corporate and acquisition finance. The team advises financial institutions on LBOs, senior and mezzanine loans and refinancing transactions and works closely with colleagues in China on cross-border deals.

Work Highlights

Provided by Chambers

  • Ropes & Gray advised Bain Capital on the senior and mezzanine financing to support its acquisition of Mitsubishi Tanabe Pharma Corporation in a carve-out transaction from Mitsubishi Chemical Group Corporation.

Strengths

Provided by Chambers

  • Ropes & Gray has strong experience in LBO finance deals as international sponsor's counsel.

    Banking & Finance: International respondentGlobal
  • They are technically solid and sophisticated in Japanese law issues in private equity deals.

    Banking & Finance: International respondentGlobal

Notable Practitioners

Provided by Chambers

  • Band 2Ben Morris
    Band 2Ben Morris

    Ben Morris

    Ben Morris has established a solid acquisition and corporate finance practice. Trained in the UK, he speaks fluent Japanese and is regularly engaged by private equity clients.
    • He has very good understanding of what his clients are seeking.

      Banking & Finance: International respondentGlobal
  • Band 3Tsuyoshi Imai
    Band 3Tsuyoshi Imai

    Tsuyoshi Imai

    Tsuyoshi Imai focuses on private equity-related work but also has the capacity to handle corporate finance transactions. He is managing partner of the Tokyo office and head of Ropes & Gray's finance practice in Japan.

    • His guidance on the deal design is excellent.

      Banking & Finance: International respondentGlobal

Ranked Individuals at Ropes & Gray LLP (2)

Japan

Members

Provided by Ropes & Gray LLP

Ropes & Gray LLP has rankings in the following guides

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