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Ropes & Gray Advises Bain Capital on $1.38 Billion Offer for Asatsu DK

Practices: Private Equity, Finance

Global law firm 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, or approximately $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 on in the past two weeks. The firm advised Bain Capital on its $18 billion acquisition of Toshiba’s chip business that announced on 28 September, the €2.27 billion sale of Carver Korea to Unilever, which announced on 25 September, and the 49% sale of mushroom producer Yukiguni Maitake to a Japanese food company, which closed on 30 September.