Japanese Big Four firm Nishimura & Asahi has advised global investment bank Goldman Sachs on its acquisition and privatisation via management buyout of Nihon Housing, a building and real estate management company, for $530 million.
Nihon Housing manages 500,000 units across Japan, Taiwan, Singapore, and Vietnam. In May, the company announced its plans for a management-led buyout, with Goldman Sachs making a tender offer at a premium of 45.9 percent to the trailing three-month average share price, according to Mingtiandi.
“The emergence of sustainable inflation, continued urban migration and strong demand-supply fundamentals are factors supporting the growth of Japan’s property sector, Stephanie Hui, GS’ private equity head in Asia, said in a LinkedIn post.
The Nishimura team advising Goldman Sachs was led by partners Asa Shinkawa, Keitaro Hamada, Kazumaro Kobayashi, and Takashi Saito. The supporting team consisted of Ing-Chian Sun from the Taiwan practice, Tomoro Yoshimoto in Singapore, and Taro Hirosawa, Isamu Imaizumi, and Phan Thien Huong from the Vietnam team.
