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

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.

Appointments

Nishimura continues SEA growth with energy partner

by Nimitt Dixit |

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.

Deals

Nishimura, MHM advise on Dai-ichi Life’s $2 bln acquisition of Benefit One

by Mari Iwata |

Nishimura & Asahi has advised Japanese life insurance giant Dai-ichi Life Holdings on its 2.9-trillion-yen ($2 billion) acquisition of healthcare platform Benefit One, which was represented by Mori Hamada & Matsumoto.