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 has advised Japan’s MUFG Bank on its 596-million-euro ($621 million) acquisition of two units of Dutch consumer finance company Home Credit BV, namely HC Consumer Finance Philippines and PT Home Credit Indonesia.

The deal comes as Japan's largest lender aims to beef up its business in Asia to tap growth in consumption in emerging markets, while ultra-low interest rates and an aging population limit business opportunities at home, Reuters reported.

The Nishimura team was led by partners Yusuke Yoshimoto, Susumu Tanizawa, Peter G. Armstrong, and Dominik Kruse, and included Luky Walalangi, managing partner of its Indonesian associate firm, Walalangi & Partners.

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

Related Articles

Deals

Nishimura, MHM advise on Dai-ichi Life’s $2 bln acquisition of Benefit One

by Mari Iwata |

Nishimura & Asahi has advised Japanese life insurance giant Dai-ichi Life Holdings on its 2.9-trillion-yen ($2 billion) acquisition of healthcare platform Benefit One, which was represented by Mori Hamada & Matsumoto.

Deals

Nishimura, NO&T, AMT advise on $3.3 bln Lawson privatization bid

by Mari Iwata |

Nishimura & Asahi has advised Japanese telecommunication company KDDI on its 496.5 billion yen ($3.3 billion) offer to take convenience store chain Lawson private. Lawson is being represented by Anderson Mori & Tomotsune, with Nagashima Ohno & Tsunematsu guiding current shareholder Mitsubishi Corp.

Appointments

Nishimura targets more SE Asia work with 1st Philippines-qualified partner

by Sarah Wong |

Japan’s largest law firm, Nishimura & Asahi, has hired corporate specialist Jason Jose R. Jiao as a partner in Tokyo from Oh-Ebashi LPC & Partners. Jiao is the first Philippines-qualified partner in Nishimura’s Tokyo office.