Mallesons is advising AMP Capital on its strategic business and capital alliance with leading Japanese trust bank, Mitsubishi U F J Trust and Banking Corporation (MUTB).
MUTB will acquire a 15% interest in AMP Capital Holdings Limited (AMPCH), the parent company of the AMP Capital group of companies for $425 million and will be offered one seat on the AMPCH Board. Under the alliance arrangements, MUTB will distribute AMP Capital’s products to Japanese institutional investors. AMP Capital retail products will also be distributed in a non-exclusive arrangement through the broader Mitsubishi UFJ Financial Group’s network of third party banking and securities distributors.
The Mallesons’ team is being led by Sydney partner Evie Bruce, together with M&A partners David Eliakim and Susan Hilliard and banking and finance partner Ken Astridge. The legal team also includes Special Counsel Malcolm Brennan and Glenda Hanson, Senior Associates Jonathan Grant, Carrie Chen and Daniel Natale, Solicitors Laura Steinke and Jung Ma, and Summer Clerk Joe Saunders.
Evie Bruce said “AMP is one of our firm’s longest standing clients. We are very pleased to act on behalf of AMP in this significant deal, which will enable it to expand its distribution footprint in Japan and accelerate its growth into the Asian region.”
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