Naoya Shiota
Biography
Overview
Naoya Shiota is a partner in our Corporate/M&A practice group, based in Tokyo. He advises global private equity clients and Japanese corporate clients on cross-border and domestic acquisitions and disposals. With his substantial experience in both M&A and finance, he can provide one-stop services to advise on a wide range of transactions, such as acquisition of private companies, tender offer and going-private and PIPEs transactions.
Prior to joining White & Case in 2021, he worked at a "Big Four" Japanese law firm for more than 15 years including six years as a partner in the M&A practice group where he led on a number of cross-border M&A transactions. He advises on transactions in a wide range of sectors, particularly the automotive, manufacturing, technology, pharmaceutical and entertainment sectors.
He is fluent in both English and his native language of Japanese.
Experience
EQT, a global private equity firm, on its successful tender offer to privatise Benesse Holdings, Inc. (TSE: 9783), a Tokyo-listed education and nursing care provider, and one of Japan's largest providers of education services. The tender offer valued Benesse's common shares at roughly JPY270 billion (US$1.78 billion) in total, making the deal one of the largest management buyouts in Japan and this matter marks EQT's first deal in Japan.
BPEA EQT, a leading Asia-based private equity firm, on its sale of the shares of Bushu Pharmaceuticals Holdings Ltd., one of the largest makers of pharmaceutical and medical devices in Japan, to an acquisition vehicle controlled by KKR.
MBK Partners, one of the leading private equity firms, in its sale of Accordia Golf and Next Golf Management, the Japan-based golf course operator, to Fortress Investment Group, the US-based asset management firm.
CVC Asia Pacific Ltd., a private equity powerhouse, on the financing for its acquisition of 100 % of the outstanding shares of Sogo Medical Group Co., Ltd., a Japanese pharmacy and hospital service operator, from Polaris Capital.
ENEOS Corporation, a Japanese leading oil company, in its acquisition of Japan Renewable Energy Corporation from GS Renewable Holdings.
Taiyo Pacific Partners, an asset management firm, in its management buy-out acquisition of Roland DG Corporation (TSE: 6789) for approximately JPY66 billion, outbidding an unsolicited interloper, Brother Industries Ltd. (TSE: 6448), via its tender offer.
MIRI CAPITAL MANAGEMENT LLC on its acquisition and privatization of NC Holdings Co., Ltd. through a tender offer. NC Holdings runs conveyor, multi-story parking equipment and renewable energy businesses and is listed on the Tokyo Stock Exchange (TSE: 6236).
Yamauchi-No.10 Family Office, the family office of the Yamauchi family which started and built up the global gaming giant Nintendo, in its unsolicited counterbid to acquire Toyo Construction (TSE: 1890) to privatise the Japanese construction company at an offer price of JPY 1,255 per share, or approximately JPY 118 billion in total, and related successful campaign to replace a majority of Toyo Construction's board of directors by shareholder proposal.
Leading Lawyer: Corporate/M&A: Domestic - Japan, Chambers Global 2024 and Chambers Asia-Pacific 2024
Notable Practitioner: M&A—Japan, IFLR1000 2023
