Morrison & Foerster has represented Fujifilm Holdings on its $2.3 billion acquisition of Xerox Corporation’s stake in Fuji Xerox, with King & Spalding advising the seller.

FX was a 75/25 joint venture between Fujifilm and Xerox. The transaction makes FX a wholly owned subsidiary of Fujifilm.

According to Reuters, Xerox has been struggling with falling demand for office printing equipment for years. Fujifilm said it aims to expand the document printer business by 30 percent to 1.3 trillion yen ($11.94 billion) in the year ending in March 2025.

The Morrison & Foerster team was led by partners Gary Smith, Masato Hayakawa, Jeff Schrepfer and Jeff Bell.

 

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

Related Articles

Deals

AZB, STB act on OYO’s $525 mln U.S. bet

by Nimitt Dixit |

AZB & Partners has acted for Oravel Stays, the parent of e-hotelier OYO, on its proposed $525 million acquisition of U.S. motel operator G6 Hospitality from PE fund Blackstone. Simpson Thacher & Bartlett acted for Blackstone on the deal.

Deals

Nishimura advises Panasonic Connect on $1 bln partnership with Orix

by Asian Legal Business《亚洲法律杂志》 |

Nishimura & Asahi has advised Panasonic Connect, a subsidiary of Japan’s Panasonic Holdings, on a strategic capital partnership with ORIX for its projector business.

Features

BRIEFS: Pharma Provides Japan M&A Shot in the Arm as Drugmakers Hunt for Growth

by Sarah Wong |

Shackled by a shrinking population and weak domestic demand, corporate Japan has been looking overseas for inorganic expansion as anaemic domestic fundamentals curtail growth prospects and investor confidence.