Clifford Chance and White & Case have acted on Japanese scientific instrument manufacturer Shimadzu’s acquisition of Tescan, a European electron microscopy company, for around JPY105.8 billion (USD678 million).
The acquisition, the largest in Shimadzu’s history, involves the purchase of all shares of Glass HoldCo, a Carlyle Group special purpose company that indirectly holds all Tescan shares.
Partner Natsuko Sugihara headed the team for Clifford Chance, while White & Case was led by partners Ken Barry and Mike Weir. White & Case also advised Carlyle on its initial acquisition of Tescan Group in 2022.
The deal follows a business alliance agreement signed in July 2024, through which Shimadzu and Tescan had already been collaborating on sales and co-branded products. Shimadzu plans to finance the acquisition using funds on hand and borrowings, with the deal expected to close in the first half of 2026.
