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The logo of Orix Corp is pictured in Tokyo, Japan April 7, 2015. Picture taken April 7, 2015. REUTERS/Toru Hanai

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.

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