Ropes & Gray and Nishimura & Asahi have advised U.S. investment fund Bain Capital on its $634 million acquisition of Japanese aircraft interior maker Jamco, which turned to Mori Hamada & Matsumoto for counsel.
The deal, which will take Jamco private, involves a tender offer expected to commence in February and conclude in 20 business days. Following this, Jamco's shares would be de-listed from the Tokyo Stock Exchange by mid-2025, Bain said in a statement.
The acquisition is part of Bain’s aggressive expansion of its Japanese portfolio, as it earmarks $31 billion for the country over the next five years.
In October last year, Bain acquired Red Baron Group, Japan’s largest used-bike dealer, for $694 million, on which Ropes & Gray and Anderson Mori & Tomotsune advised the PE giant.
Ropes also advised Bain on two other Japan deals last year: the take-private offers for Trancom, a logistics services, industrial support and IT systems company for $491 million, and T-Gaia, a Tokyo-based mobile phone distributor, for $987 million.
The Ropes team in Tokyo was led by private equity partners Tsuyoshi Imai and Saeko Inaba and included finance partner Ben Morris and associate Takashi Nakamura. The firm's London team advising on antitrust included litigation and enforcement counsel Rupert Phillips and associate Katherine Fielding.
The Nishimura team comprised partners Yuki Oi, Kohei Ishida, Akihisa Yamamoto, Keisuke Kamiya, Shogo Eguchi, Yuki Sakurada, and Nobuhiro Tanaka, and counsel Masatsugu Sakamoto.
The MHM team on the deal comprised partners Katsumasa Suzuki, Takafumi Goto, and Yusuke Kobayashi.
