Attorneys in our Tokyo office advised on two significant transactions. Our team guided Toshiba Memory Holdings Corporation, a global leader in the manufacturing of memory chips, in its 1.2 trillion yen (approximately $11 billion) refinancing. The refinancing encompasses one-dozen tranches, borrowed in connection with the $2 trillion yen (approximately $18 billion) leveraged buyout of Toshiba Memory by a Bain Capital-led consortium. The 2018 deal between Bain and Toshiba, is the largest-ever leveraged buyout in Asia.
In a separate transaction, Tokyo-based attorneys advised Bain Capital in the 94.5 billion yen (approximately $875 million) acquisition of the HR business of Works Applications. Works Applications is Japan’s biggest vendor of business software for payroll and human resources.
The Ropes & Gray team advising on both deals includes private equity partners Tsuyoshi Imai and Saeko Inaba and finance partner Ben Morris (all of Tokyo).
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.