Ropes & Gray advised investment firm Bain Capital on a precedent-setting transaction in Japan which may be the largest private equity and leveraged finance deal ever seen in Asia. The transaction, valued at $18 billion (or approximately two trillion yen) involved the late-September sale by Toshiba Corp. of its semiconductor business to a group led by Bain Capital and includes Apple Inc., Seagate, Kingston, Hoya, Dell Technologies Inc. and SK Hynix.
The Ropes & Gray team that advised Bain Capital was led by private equity partner Tsuyoshi Imai, with private equity counsel Saeko Inaba and finance counsel Ben Morris. Additional lawyers from various Ropes & Gray offices included: private equity partner Will Shields; counsel Kaori Fukazawa; antitrust partner Ruchit Patel; business & securities litigation partners Randall Bodner, John Bueker, and Anne Johnson Palmer; securities & public companies partner Thomas Holden; M&A partner Paul Scrivano; IP transactions partner Megan Baca; and associates Dan Cowan, Adam Leamon and Chau Le.
The deal was announced just one week after a cross-office team led by its Seoul office completed advising Bain Capital in connection with the sale of Carver Korea Co., Ltd., a leading skincare business, to Unilever for €2.27 billion.
For more information about Ropes & Gray, visit here.