Nels Hansen

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. (2024)

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. (2024)

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). (2024)

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. (2023)

PayPal Holdings, Inc. on its acquisition of Paidy Inc., a leading two-sided payments platform and provider of buy now, pay later solutions in Japan, for an enterprise value of JPY300 billion, or approximately US$2.7 billion (2021)

SoftBank Group Corp., a Japanese multinational conglomerate holding company, in the business combination between its portfolio company, Berkshire Grey, Inc., a US based robotics company, and Revolution Acceleration Acquisition Corp (Nasdaq: RAAC), a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to US$ 2.7 billion (2021)

Special committee of LINE Corporation (LINE) in the sale process of LINE in its pending take-private by Naver Corp. and SoftBank Group Corp., to be followed by a merger between LINE with internet portal Yahoo Japan Corp., in a transaction valuing LINE at approximately US$12 billion. This transaction was awarded "M&A Deal of the Year: North Asia" at the Asia Legal Awards 2020 and "M&A Deal of the Year (Premium)" at the ALB Japan Law Awards 2020 (2020)

Panasonic Corporation on its acquisition of the remaining 80% of the capital stock interests of Blue Yonder, a leading end-to-end, digital fulfillment platform provider, at an enterprise value of US$8.5 billion on a cash-free, debt-free basis. The transaction will be carried out by way of a merger of a wholly-owned subsidiary of Panasonic Corporation with and into Blue Yonder, with Blue Yonder as the surviving corporation following the merger. This transaction adds to the 20% stake of Blue Yonder which Panasonic Corporation acquired in July 2020, also represented by White & Case (2021)

Panasonic Corporation on its 20 percent strategic equity investment in Blue Yonder, a leading US end-to-end supply chain software provider with an estimated enterprise value of US$5.5 billion. Panasonic Corporation is a global corporation developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive and B2B sectors (2020)

Starwood Capital Group on its tender offer for Invesco Office J-REIT, Inc., a listed J-REIT in Japan, for JPY22,500 per investment unit (total equity value of approximately JPY198 billion, publicly reported debt of JPY126 billion, for an enterprise value of approximately JPY325 billion) (2021)