Nishimura & Asahi has advised Japanese insurance company Sompo Holdings, which was represented by Cooley, on its $500 million investment in Silicon Valley data analytics company Palantir Technologies.

According to Reuters, the investment comes on the heels of an uptick in demand for Palantir’s products that help companies and governments manage the COVID-19 pandemic.

Palantir is aiming to file confidentially with U.S. regulators for an IPO in the coming weeks, Reuters added. It was valued at around $20 billion in its last fundraising round in 2015.

The Nishimura team was led by partner Atsushi Mizushima.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Deals

Nishimura advises MUFG on $393 mln Philippines investment

by Asian Legal Business《亚洲法律杂志》 |

Nishimura & Asahi has advised Mitsubishi UFJ Financial Group, Japan's largest banking group, on its $393 million investment in Philippine fintech Mynt for an 8 percent stake.

Deals

Simpson Thacher, Nishimura act on Blackstone’s $2.17 bln Japan pharma sale

by Nimitt Dixit |

Japanese law firm Nishimura & Asahi has represented private equity group MBK Partners on its acquisition of drugmaker Alinamin Pharmaceuticals for 350 billion yen ($2.17 billion) from PE giant Blackstone, which was advised by its longstanding firm Simpson Thacher & Bartlett.

Deals

Kirkland, N&A, NO&T, MHM advise on $835 mln Carlyle offer for KFC Japan

by Mari Iwata |

Kirkland & Ellis and Nishimura & Asahi are advising Crispy Holdings, a fund wholly owned by Carlyle Group, on a 135-billion-yen ($863 million) tender offer for shares of Tokyo-listed KFC Holdings Japan.