STB, Nishimura, MHM act on $4 bln take-private offer for Japan’s Fuji Soft

news — Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

Nishimura & Asahi and Simpson Thacher & Bartlett are advising U.S. private equity firm KKR & Co on its plan to take Japanese system developer Fuji Soft under a management buyout worth about 600 billion yen ($4.09 billion).

Mori Hamada & Matsumoto is advising Fuji Soft.

Reuters cited the Nikkei newspaper as saying that Fuji Soft is planning the buyout to improve its capital efficiency amid ongoing conflicts with its major shareholders, including Singapore-based 3D Investment Partners.

Reuters added that a special committee appointed by Fuji Soft, consisting of its external board directors is considering value-maximising options, including the privatisation plan.

The special committee is being advised by law firm Shiomizaka.

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Deals

NO&T, MHM, AMT advise on Itochu’s $1.24 bln bid to take over Descente

by Asian Legal Business《亚洲法律杂志》 | 12 Aug 2024

Nagashima Ohno & Tsunematsu is advising Japanese trading house Itochu Corp on its 182.6-billion-yen ($1.24 billion) offer to take full control of sportswear maker Descente, which is being represented by Mori Hamada & Matsumoto.