Simpson Thacher & Bartlett has advised global PE firm Kohlberg Kravis Roberts (KKR) on its $1.3 billion acquisition of power-tool maker Hitachi Koki, which was advised by Mori Hamada & Matsumoto.

Nishimura & Asahi is also part of the deal, acting as local counsel to KKR.

According to Reuters, the sale will allow Hitachi – Hitachi Koki’s parent company – to concentrate on its main business concerns, such as infrastructure.

The deal is KKR’s second billion-dollar deal in Japan in three month. In November, the U.S.-based PE firm bought Calsonic Kansei, Nissan Motor’s auto parts manufacturing unit, for $4.5 billion.

Tokyo-based partner David Sneider led the STB deal team. 

Related Articles

STB guides Stonepeak on 1st Asia-dedicated infrastructure fund

U.S. law firm Simpson Thacher & Bartlett has advised New York-headquartered alternative investment firm Stonepeak on raising $3.3 billion for its Stonepeak Asia Infrastructure Fund, its first fund dedicated to Asia.

Simpson Thacher advises CVC Capital on $6.8 bln Asia fund

by Mari Iwata |

U.S. law firm Simpson Thacher & Bartlett has advised PE fund CVC Capital Partners on the establishment of its sixth Asia fund, CVC Capital Partners Asia VI, which raised $6.8 billion.

A&O taps Simpson Thacher for funds specialist in SG

by Sarah Wong |

Magic Circle firm Allen & Overy has bolstered its funds and asset management offering in Asia by hiring Tiffany Toh as a partner in Singapore.