news

 

Shearman & Sterling and Anderson Mori & Tomotsune are advising Japanese educational services provider Benesse Holdings on a 270-billion-yen ($1.78 billion) management buyout (MBO) plan proposed by Swedish investment house EQT AB Group, represented by White & Case. Mori Hamada & Matsumoto acts for the all stakeholders on this MBO scheme.

The move comes as Benesse's mail schooling courses struggle with declining student numbers, the Nikkei reported, adding that the company would try to jump-start its business under private ownership if the buyout is successful. The tender offer to commence the MBO is expected to start in February 2024.

The Shearman team was led by partners Karl J. Pires and Toshiro Mochizuki, while the AMT team was headed by partners Keiko Kaneko and Takao Shojima.

The White & Case team was led by partners Naoya Shiota, Nels Hansen and Clara Shirota.

Partners Makoto Sakai and Masaaki Hirota led the MHM team.

 

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

Related Articles

BRIEFS: SE Asia poised for robust M&A year as tech, energy sectors drive dealmaking

by Sarah Wong |

With global businesses and investors growing weary of China's anaemic economic rebound and geopolitical upheaval, Southeast Asia has continued to solidify its standing as a key regional destination for dealmaking. While 2023 didn't match the highs of 2022, either in terms of deal value ($129.8 billion versus $90.6 billion) or volume (1,278 versus 933) – as per research from Mergermarket, White & Case, and ION Analytics) – last year dwarfed 2021 in terms of number of deals, and beat both 2019 and 2020 in terms of total amount.

MoFo, Paul Weiss acting on Japan homebuilder Sekisui’s $4.9 bln purchase of MDC

by Mari Iwata |

Morrison Foerster is advising Japanese homebuilder Sekisui House on its $4.9 billion acquisition of Denver-based MDC Holdings, which was represented by Paul, Weiss, Rifkind, Wharton & Garrison and Brownstein Hyatt Farber Schreck.

Trilegal, SAM act on $1 bln India toll road deal

by Nimitt Dixit |

Indian law firm Trilegal has guided infrastructure investment trust Highways Infrastructure Trust (HIT) on its approximately $1.08 billion acquisition of 12 road projects from PNC Infratech, which was advised by Shardul Amarchand Mangaldas.