Skip to main content

news

 

Nagashima Ohno & Tsunematsu is advising Japan’s Kirin Holdings on its 220.7 billion yen ($1.4 billion) offer to acquire the rest of skincare brand Fancl Corp, which is being represented by Uryu & Itoga.

Mori Hamada & Matsumoto is advising a special committee established by Fancl, known for its skin cleansing oils and nutritional supplements, to review the offer.

The deal comes as Kirin continues to pivot toward the health and wellness businesses, said Reuters, adding that facing a shrinking domestic market and falling beer consumption among younger people, Japan’s legacy breweries are under pressure to expand overseas or into new markets.

Last year, Kirin bought out Australian vitamin maker Blackmores for $1.2 billion.

 

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

Related Articles

9 firms advise on milestone $8.2 bln cross-border insurance deal

by Sarah Wong |

Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date.

Top international firms act on landmark $7.1 bln ESR take-private deal

by Nimitt Dixit |

Global law firms Freshfields, Latham & Watkins, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton have steered an offer to take the Hong Kong-listed ESR Group private in a deal valued at $7.1 billion.

Fangda, KWM act on HKAA’s $592 mln acquisition of Zhuhai Airport stake

Fangda Partners has advised the Hong Kong Airport Authority (HKAA) on its agreement to purchase a 35 percent stake in Zhuhai Airport for approximately $592 million, with King & Wood Mallesons representing the seller, Zhuhai Transportation.