Transaction is the largest PE and reported to be one of the largest RE-related deals in Japan this year
Randy Steven Laxer and Mitsutoshi Uchida
Corporate, Mergers + Acquisitions, Japan, Private Equity Investments + Buyouts, and Real Estate
TOKYO (October 29, 2015) –Morrison & Foerster is advising Aetos Capital Real Estate “ACRE” in its sale of Simplex Investment Advisors, a Japanese real estate asset management firm, to Hulic Co., Ltd. (TSE:3003), a leading Japanese real estate operator, for an aggregate value of JPY 155 billion ($1.3 billion).
Tokyo corporate partners Randy Laxer and Mitsutoshi Uchida lead Morrison & Foerster’s deal team that includes associates Kenichi Ko, Hirotaka Kumoi, Kevin Matthew Bond, Matthew O'Donnell and Yuri Inoue, all resident in Tokyo.
The deal is the largest private equity and reportedly one of the largest real estate-related deals in Japan in 2015. Simplex owns a significant portfolio of high quality assets and has a large third-party asset management business. Simplex’s assets include a hotel near Tokyo Disney Resort and a 12-storey office building in Tokyo’s Toyosu district, near a venue for the 2020 Summer Olympic Games.
Morrison & Foerster has leading M&A/Private Equity and Real Estate Practices in Japan with more than 50 attorneys based in Tokyo principally engaged in cross-border M&A and more than 2o dedicated real estate attorneys resident in Tokyo.
ACRE is an independent investment management firm that focuses exclusively on real estate investment opportunities in Asia, principally Japan and Greater China. To date, ACRE has sponsored four Aetos Capital Asia (ACA) funds with total equity capital commitments of approximately $3.8 billion. Since inception, the ACA funds have acquired more than $10 billion of real estate and real estate-related investments in Japan, Greater China and South Korea.
For more information on the sale, see ACRE’s press release.
About Morrison & Foerster
We are Morrison & Foerster — a global firm of exceptional credentials. Our clients include some of the largest financial institutions, investment banks, Fortune 100, and technology and life sciences companies. The Financial Times has named the firm to its lists of most innovative law firms in Northern America and Asia every year that it has published its Innovative Lawyers Reports in those regions. In the past few years, Chambers USA has honored MoFo’s Bankruptcy and IP teams with Firm of the Year awards, the Corporate/M&A team with a client service award, and the firm as a whole as Global USA Firm of the Year. Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger.
©1996-2017 Morrison & Foerster LLP. All rights reserved.