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.
TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.
Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.
Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.