Morrison & Foerster LLP is advising Toshiba Corporation ("Toshiba") on the $18 billion sale of its wholly owned subsidiary Toshiba Memory Corporation ("TMC") to a consortium led by Bain Capital that includes SK Hynix, HOYA Corp., Apple, Seagate, Kingston, and Dell. The sale is the largest private equity deal ever in Asia.
The MoFo team advising Toshiba is led by Tokyo managing partner Ken Siegel, Tokyo corporate partner Ivan Smallwood, Tokyo TTG partner Stuart Beraha, and Tokyo litigation partner Louise Stoupe. The multi-office team also includes, in Tokyo: litigation partners Chie Yakura and Jim Hough; TTG associate Benjamin Han; corporate associates Yohei Nakagawa, Brian McShaffry, Shinsuke Kaneko, Shusaku Iwasaki, Yuichi Inase, Naoko Ishihara, Leo Martin and Daigo Takahashi; litigation associates Pieter de Ganon, Andrew Meyer, Keiko Elizabeth Rose, Aramide Fields and Hanae Fujinami; and in San Francisco: litigation partners Jack Londen and Mark McPherson.
MoFo lawyers have represented Toshiba for many years, including, most recently in connection with its $2.4 billion listing of its Landis+Gyr subsidiary and its $500 million sale of its home appliances business to Midea.
MoFo’s Japan corporate/M&A practice has recorded one of its strongest years to date—handling some of the country’s most complex and important transactions over the last 12 months, including SoftBank’s $33 billion acquisition of ARM Holdings, the largest ever outbound transaction from Japan. In Mergermarket’s 2016 league table, the group was ranked first in deal volume among all international law firms in Japan.