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 and its Indonesian association firm Walalangi & Partners have represented Japan’s MUFG Bank on its proposed 7-trillion-rupiah ($467 million) acquisition of an 80.6 percent stake in automotive lender PT Mandala Multifinance.

Mandala is a publicly listed finance company offering auto loans primarily to Indonesia's unbanked and underbanked population.

MUFG’s move is aimed at deepening its Asian presence and tapping consumption growth in the emerging markets, Reuters reported, adding that Japanese and other Asian companies have been increasingly looking to build and expand their footprint in Southeast Asia in the hope of capturing a growing middle class in a region with a population of about 690 million.

Partner Yusuke Yoshimoto led the N&A team, while the Walalangi team was headed by managing partner Luky Walalangi.

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

Related Articles

India’s Saraf adds M&A partner from Trilegal

by Nimitt Dixit |

Indian law firm Saraf & Partners has added infrastructure-focused M&A attorney Dhruv Chatterjee as a partner in the firm’s corporate practice.

Wilson, Goodwin on Cheche Group’s de-SPAC merger, achieving NASDAQ listing

Chinese auto insurance technology platform Cheche Group has recently completed its merger with the Special Purpose Acquisition Company (SPAC) Prime Impact Acquisition I, formerly listed on the New York Stock Exchange. As of Sep.18, the merged entity has become a publicly traded company listed on NASDAQ.

Wadia Ghandy launches in Bengaluru with Samvad hire

by Nimitt Dixit |

Mumbai-headquartered law firm Wadia Ghandy & Co has opened an office in Bengaluru, hiring Pinaz Mehta as a partner to head its operations in the city.