Baker McKenzie has advised Japan’s Heiwa Corporation on its agreement to acquire all shares in PJC Investments, the parent company of Accordia Golf, in a deal valued at 510 billion yen ($3.5 billion).

Heiwa, operator of Pacific Golf Management (PGM), will create the world's largest golf course operator by number of courses owned, with a combined portfolio of 321 golf courses across Japan.

The acquisition will see Heiwa add Accordia Golf's 173 courses to its existing 148, solidifying its position as Japan's premier golf course management company.

The Baker McKenzie team advising on the transaction and related debt financing was led by partner Kiyoshi Endo, with support from counsel Masao Tozaki and Hiroyuki Kitamura, and associates Takatoshi Kashiwara and Lisa Nagao.