Latham & Watkins has advised U.S. investment bank Houlihan Lokey on its 65-billion-yen ($591 million) offer to buy Tokyo-based M&A advisory firm GCA Corp, which was counselled by Morrison & Foerster.
According to Reuters, the deal will help Houlihan Lokey to tap Japan’s growing M&A market. Dealmaking is rising in Japan, driven by local conglomerates seeking to divest non-core assets or looking overseas for growth in response to the country’s aging population, Reuters added.
The Latham team was led by partner Steven Stokdyk, Ivan Smallwood, and Hiro Takagi, with support from partners Stephen Wink, Nicola Higgs, Farhana Sharmeen, Josh Holian, Paul Dudek, and Larry Stein.
Partner Nozomi Oda led the Morrison & Foerster team, supported by partner Jeremy White.
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