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Bain advised on Japan buyout

Ropes & Gray and Japanese firm Anderson Mori have advised Bain Capital on its tender offer for Asatsu DK, Japan¡¯s third-largest advertising agency. The tender offer price for 100% of the company is approximately 152 billion yen (US$1.38 billion) making it one of the largest buyouts in Japan this year.

The Ropes & Gray team was led by private equity counsel Saeko Inaba and private equity partner Tsuyoshi Imai, with support from finance counsel Ben Morris, all based in the firm¡¯s Tokyo office. It is the fourth deal that Ropes & Gray has advised Bain Capital of late.

The firm advised Bain Capital on its US$18 billion acquisition of Toshiba¡¯s chip business, announced on 28 September, the €2.27 billion (US$2.67 billion) sale of Carver Korea to Unilever, announced on 25 September, and the 49% sale of mushroom producer Yukiguni Maitake to a Japanese food company, which closed on 30 September.