Three Leading Japanese Law Firms Advised On Kirin Holdings' Acquisition Of Fancl Corporation

Three Leading Japanese Law Firms Advised On Kirin Holdings' Acquisition Of Fancl Corporation

Japanese Brewing Giant Kirin Holdings has initiated a significant acquisition of Skincare Manufacturer Fancl Corporation, a Tokyo Stock Exchange-listed company, valued at USD 1.4 billion. Leading Japanese Law Firms Nagashima Ohno & Tsunematsu, Mori Hamada & Matsumoto, and Uryu & Itoga have assumed pivotal roles in this transaction.

Kirin, which already holds a 33% stake in Fancl, plans to acquire the remaining shares through a tender offer set at JPY 2,690 (USD 17.09) per share. The tender offer period commenced on June 17 and will conclude on July 29, 2024.

Nagashima Ohno & Tsunematsu is advising Kirin as Legal Counsel for the tender offer. Fancl, the target company, has enlisted Uryu & Itoga as its Legal Adviser, with Partner Anada Ko overseeing the legal aspects. Mori Hamada & Matsumoto, represented by Partners Kohei Morita and Hideki Ben, is advising the special committee formed by Fancl to evaluate the takeover bid.

Upon completion of the acquisition, Fancl will be delisted from the Prime Section of the Tokyo Stock Exchange.