Nagashima Ohno & Tsunematsu, Mori Hamada & Matsumoto and Uryu & Itoga have landed key roles in Japanese brewing giant Kirin Holdings’ USD1.4 billion acquisition of Tokyo Stock Exchange-listed skincare manufacturer Fancl Corporation.
Kirin, which owns a 33% stake in Fancl, has reached an agreement with the Japanese skincare maker to launch a tender offer for the target company’s remaining shares at JPY2,690 (USD17.09) apiece, with the purchase period running from 17 June to 29 July this year.
Nagashima Ohno is acting as legal counsel to the tender offeror, Kirin, according to the press release dated 14 June. While the law firm has confirmed its role in the transaction, it has declined a request for comment.
Fancl has secured Uryu & Itoga as the target’s legal adviser, and the firm has confirmed its role in the deal with partner Anada Ko being the lawyer in charge. Partners Kohei Morita and Hideki Ben are leading the Mori Hamada team, which has been appointed by the special committee that the target company, Fancl, established to review the takeover bid.
On completion of the acquisition, Fancl will be delisted from the prime section of the Tokyo bourse.
