Nishimura & Asahi and Mori Hamada & Matsumoto are advising on Japan real estate industry giant Hulic’s JPY173.5 billion (USD1.2 billion) takeover bid for Tokyo-based real estate investment company Raysum via a tender offer.
Hulic intends to make Tokyo Stock Exchange-listed Raysum a wholly owned subsidiary through the planned acquisition of a 36% stake. It will also purchase the remaining 64% of Raysum shares held by Rays Company, a Hong Kong special purpose vehicle, from RS Company, a subsidiary of Oasis Management.
Hulic has mandated Mori Hamada as its legal counsel, while Raysum has hired Nishimura & Asahi as its legal adviser, according to Raysum’s 13 September announcement of its acceptance of Hulic’s takeover bid.
Mori Hamada’s partners Taro Omoto, Shuhei Uchida, Tomoya Fujita, Yuki Matsuda, Koki Kanemura and senior associate Takahiro Kobayashi have been leading the team.
Nishimura & Asahi told Asia Business Law Journal that it was unable to disclose relevant partners for this case.
