Nishimura & Asahi has advised Japanese financial services corporation Orix on its 300-billion-yen ($2.1 billion) acquisition of cosmetics company DHC.
This will is said to be Orix's most expensive acquisition to date. Nikkei Asia reported that the company has stepped up its acquisitions of undervalued companies in recent years.
The Nishimura & Asahi team was led by partners Tatsuya Nakayama, Yasuo Tsukitome and Tetsushi Konda.
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.
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.
Japanese Big Six law firm Nishimura & Asahi has continued the planned expansion of its Southeast Asia offerings with the addition of energy-focused finance and M&A partner Sean Conaty.