IFLR1000

Sompo Japan Nipponkoa Holdings ¥57 billion acquisition of Message

7/3/2016
Public acquisition
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¥ 57 billion

$ 503.556 million

Completed

7/3/2016

Overview:

  • Sompo Japan Nipponkoa Holdings has acquired Message for ¥57 billion.
  • Message is a nursing home operator, the third largest in Japan with 180 homes.
  • Sompo is an insurance company.
  • The deal will see Sompo increase its shareholding to over 51%.
  • Message will be combined with an another acquired company Watami.

Sam Duke - Editor

Jurisdiction:

Japan

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Japan

Industry sectors:

Healthcare
Social infrastructure

Firms:
Anderson Mori & Tomotsune

Party: Message (Target)

Lawyer: Yoshimasa Dan

Nagashima Ohno & Tsunematsu

Party: Sompo Japan Nipponkoa Holdings (Acquirer)

Lawyers: Keitaro Oshimo, Makoto Saito, Tatsuya Okano, Tsuyoshi Shimizu, Yoshitoshi Imoto

Sullivan & Cromwell

Party: Sompo Japan Nipponkoa Holdings (Acquirer)

Lawyer: Keiji Hatano

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