Nishimura & Asahi Advised Panasonic Connect On $1.07 Billion Projector Business Deal With ORIX
Nishimura & Asahi Advised Panasonic Connect On $1.07 Billion Projector Business Deal With ORIX
Nishimura & Asahi has advised Panasonic Connect, a subsidiary of Panasonic Holdings, on forming a strategic capital partnership with ORIX for its projector business.
As part of the agreement, Panasonic Connect will transfer its projector and display division to a newly established company, which will be 80% owned by ORIX and 20% by Panasonic Connect. The deal, valued at 118.5 billion yen (approximately $1.07 billion), is set to close by April 2025.
The new company will capitalize on Panasonic Connect's cutting-edge expertise in high-brightness projectors, a segment in which it currently leads the global market. ORIX, on its part, aims to boost its global business by integrating its investment acumen with Panasonic Connect’s technology and customer base. This partnership also marks ORIX's entry into carve-out investments, aligning with its broader strategy to support Japan’s industrial growth.
Nishimura & Asahi’s advisory team for Panasonic Connect was led by Partners Tatsuya Tanigawa and Makoto Shimizu (corporate/M&A), Satoshi Niki (IP), and Kazumaro Kobayashi (competition/antitrust law). The team also included Partners Masataka Sato, Masato Yamanaka, Ing-Chian Sun, Jirapong Sriwat, Taro Hirosawa, Kaoru Tatsumi, Taeko Suzuki, and Apinya Sarntikasem.
The project was further supported by Luky Walalangi, Managing Partner of Indonesia’s Walalangi & Partners; Wan May Leong, Managing Partner of Malaysia’s WM Leong & Co; and Melissa Tan, Singapore’s Director Of Bayfront Law.
