MoFo Advises Aetos Capital on $1.3 Billion Sale of Japan’s Simplex to Hulic

Transaction is the largest PE and reported to be one of the largest RE-related deals in Japan this year

10/29/2015

Randy Steven Laxer and Mitsutoshi Uchida

Corporate, Mergers + Acquisitions, Japan, Private Equity Investments + Buyouts, and Real Estate

Press Release

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.

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