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.
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.
Nishimura & Asahi has advised Japanese telecommunication company KDDI on its 496.5 billion yen ($3.3 billion) offer to take convenience store chain Lawson private. Lawson is being represented by Anderson Mori & Tomotsune, with Nagashima Ohno & Tsunematsu guiding current shareholder Mitsubishi Corp.
Japan’s largest law firm, Nishimura & Asahi, has hired corporate specialist Jason Jose R. Jiao as a partner in Tokyo from Oh-Ebashi LPC & Partners. Jiao is the first Philippines-qualified partner in Nishimura’s Tokyo office.