Skip to main content

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

CAM, Trilegal, Khaitan, IndusLaw act on HUL’s $350 mln Minimalist deal

by Nimitt Dixit |

In the first big M&A deal in India this year, leading firm Cyril Amarchand Mangaldas has guided FMCG major Hindustan Unilever (HUL) on its acquisition of 90.5 percent stake in Jaipur-based skincare startup Minimalist for close to $350 million (29.5 billion rupees).

Deals

7 international, Indian firms act on Kedaara Capital’s $350 mln U.S. bet

by Nimitt Dixit |

Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.

Deals

SAM, Latham guide Hexaware’s upcoming $1.2 bln India IPO

by Nimitt Dixit |

Indian law firm Shardul Amarchand Mangaldas & Co has been mandated to assist Hexaware Technologies, an AI-focused tech company backed by Carlyle Group, on its upcoming initial public offering (IPO) in India, which is expected to raise $1.2 billion.