Nishimura & Asahi has advised Japan’s MUFG Bank on its 596-million-euro ($621 million) acquisition of two units of Dutch consumer finance company Home Credit BV, namely HC Consumer Finance Philippines and PT Home Credit Indonesia.

The deal comes as Japan's largest lender aims to beef up its business in Asia to tap growth in consumption in emerging markets, while ultra-low interest rates and an aging population limit business opportunities at home, Reuters reported.

The Nishimura team was led by partners Yusuke Yoshimoto, Susumu Tanizawa, Peter G. Armstrong, and Dominik Kruse, and included Luky Walalangi, managing partner of its Indonesian associate firm, Walalangi & Partners.