Baker & McKenzie (Gaikokuho Joint Enterprise) provided legal advice to ORIX Corporation (“ORIX”) on its purchase of a 96.09% equity stake in leading Japanese glass fiber manufacturer, Asahi Fiber Glass Co., Ltd (“Asahi Fiber Glass”), from WP1 Investment Limited Partnership and the Development Bank of Japan Inc.
Asahi Fiber Glass holds a 40% share in the Japanese market of glass wool, thermal and sound insulation materials for buildings. With this acquisition by ORIX, Asahi Fiber Glass is expected to accelerate operations overseas through ORIX’s global corporate network.
Baker & McKenzie’s team was led by Naoaki Eguchi, head of the Tokyo office’s Banking & Finance Practice Group. Senior associates Yasuhisa Takatori and Tetsuo Tsujimoto also provided strong legal support.
Commenting on the deal, Eguchi said, “We are honored to provide legal advice to ORIX on its capital investment of Asahi Fiber Glass. Having a presence in Japan for over 40 years, Baker & McKenzie has a history of working with Japanese companies with corporate transactions such as mergers and acquisitions, joint ventures and strategic alliances. Our vast global network also enables us to help clients advance overseas. We look forward to continuing assisting our clients on both the domestic and cross-border fronts.”
Other legal advisers acted on the deal were:
Nagashima Ohno & Tsunematsu represented the sell-side and Anderson Mori & Tomotsune represented the loan lender.
Related Posts:
- None Found