Banking & Finance: International
Global Guide 2024 : Japan
Band 2
Contact number
+81 3 6259 3500About
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
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. The firm is known for its longstanding client relationship with Bain Capital.
Work Highlights
- Ropes & Gray advised Bain Capital Private Equity in connection with the senior financing for its leveraged tender offer bid for Tri-Stage.
Strengths
Provided by Chambers
"They have a sophisticated team, led by Tsuyoshi Imai and Ben Morris."
"Ashurst are always very practical and have a deep understanding of the relevant precedents."
"They have a sophisticated team, led by Tsuyoshi Imai and Ben Morris."
"Ashurst are always very practical and have a deep understanding of the relevant precedents."
Notable Practitioners
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.
Tsuyoshi Imai focuses on private equity-related work, but also has the capacity to handle corporate finance transactions. He is managing partner and head of Ropes & Gray's finance practice in Japan.