Skip to main content
news
A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai

 

Nishimura & Asahi has advised Mitsubishi UFJ Financial Group, Japan's largest banking group, on its $393 million investment in Philippine fintech Mynt for an 8 percent stake.

Mynt, also known as Globe Fintech Innovations, operates the Philippine e-wallet brand and IPO-hopeful GCash.

According to Reuters, the Philippines is among the fastest-growing fintech markets in Southeast Asia, with a surge in adoption of digital services during the pandemic.

It added that Mynt is a joint venture between Alibaba's Ant Group, Philippine conglomerate Ayala, and communications firm Globe Telecom.

The Nishimura team was led by partners Yuji Shiga, Masataka Sato and Susumu Tanizawa. 

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

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.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

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.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

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.