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$18 Billion Bain-Toshiba Deal Ranked as One of the Top Global PE Deals of 2018 by Pitchbook

Practices: Private Equity

Pitchbook, a leading provider of data, research and technology covering the private capital markets, has featured Toshiba Corp.’s $18 billion sale of its semiconductor business to a group led by Bain Capital in its roundup of last year's biggest private equity deals, exits and funds. Ropes & Gray represented Bain Capital in the deal.

The transaction, ranked by Pitchbook as the number two global PE deal in 2018, was valued at two trillion yen (approximately $18 billion) and is the largest leveraged buyout and private equity deal ever in Asia. The complex transaction faced a series of regulatory hurdles before it could attain clearance to close. Ropes & Gray led the legal aspects of the transaction, including the acquisition negotiations, structuring, financing, antitrust and litigation analysis and settlement.

Ropes & Gray’s private equity practice was also named a 2018 “Practice Group of the Year” for a second straight year by Law360, a coveted distinction that recognizes law firms whose work for clients has resonated throughout the legal industry. Our global private equity practice handled a number of significant global deals for our clients in 2018. In addition to our work on the Bain-Toshiba deal, the firm’s accomplishments included advising Advent International in its acquisition of 80% stake in Walmart Brazil and Summit Partners in its sale of ABILITY Networks, one of the leading healthcare technology deals of the year, among many others.

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