SoftBank’s $21.6 billion acquisition of Sprint.
Represented SoftBank in its $21.6 billion acquisition of a 78% interest in US wireless operator Sprint Nextel. The transaction was the largest announced U.S. M&A transaction of 2012, the largest outbound investment ever from Asia, and the largest U.S. M&A transaction in Japan’s history.
Sprint’s $4 billion take private of Clearwire.
Represented SoftBank in connection with the acquisition by Sprint Nextel of the approximately 50% of the equity of Clearwire Corporation that Sprint does not already own for a purchase price of approximately $4 billion, resulting in a total Clearwire enterprise value of approximately $14 billion.
Alibaba's $7.6 billion share repurchase.
Represented SoftBank in a three-way transaction between SoftBank, Yahoo and Alibaba pursuant to which Alibaba repurchased half of Yahoo’s shares in the company for $7.6 billion, the parties re-stated their shareholders agreements, and SoftBank became Alibaba’s largest shareholder. This transaction was one of the largest technology transactions of 2012, and is the largest ever investment/M&A transaction between a Japanese company and Chinese company.
MUFG's $5 billion combination of its securities business with Morgan Stanley (Japan).
Represented Mitsubishi UFJ Financial Group (MUFG) in the $5 billion combination of its securities business, Mitsubishi UFJ Securities Co, Ltd. (MUS), with Morgan Stanley Japan to form one of Japan's 4 largest investment banks.
Alibaba’s $4 billion restructuring of Alipay.com
Represented SoftBank in the Alibaba Group's $4 billion restructuring of its holdings in Alipay, China's largest online payment system, to address regulatory requirements relating to foreign ownership of online payment systems in China.
Toshiba’s $2 billion joint venture with SanDisk.
Represented Toshiba in its $2 billion joint venture with SanDisk to develop and manufacture new state of the art NAND flash memory devises in Yokkaichi, Japan. Also represented Toshiba in restructuring the parties prior flash memory joint ventures, including in Toshiba’s acquisition
of $1.8 billion of equipment from the joint ventures.
Toshiba Power Systems’ $300 million venture with NRG Energy.
Represented Toshiba Power Systems in its $300 million venture with Princeton, NJ-based NRG Energy Inc. The joint venture combined NRG’s in-process permits for two major nuclear power facilities in South Texas, with $300 million in capital contributions from Toshiba, and serve as the parties’ primary vehicle to develop nuclear power projects in North America based on Toshiba’s “ABWR” (advanced boiling water reactor) design.
Ricoh/IKON Office Solutions
Represented Ricoh Company, Ltd., Japan's second-largest maker of office machines, in its $1.6 billion acquisition of IKON Office Solutions, Inc., the world's largest independent channel for document management systems. (2008)
Citigroup's $4.6 billion tender offer for Nikko Cordial.
Represented GCA and Greenhill, as joint financial advisors to Nikko Cordial's board, in connection with Citigroup's $4.6 billion offer for Nikko Cordial. This transaction completed the largest ever foreign acquisition of a Japanese company, and marked the first time that shares of a foreign company were offered in a "kabushiki kokan" (statutory share exchange) transaction in Japan.
GCA's $780 million acquisition of Savvian
Represented GCA Holdings, Japan's largest independent M&A advisory firm, in its $780 million combination with Savvian, a US-based investment bank. This transaction involved the first use of Japan's "kabushiki iten" (share transfer) transaction structure in a combination with a US company.
Dow Jones' Wall Street Journal joint venture with SBI Holdings.
Represented Dow Jones in its joint venture with SBI Holdings to provide the Wall Street Journal online in Japan.
Toshiba’s acquisition of Bridgelux GaN/Si business.
Represented Toshiba in its acquisition of gallium nitride-on-silicon LED technology and related business assets of Bridgelux, a California-based developer of LED lighting technologies and solutions.