Buyout and acquisition finance trends: Implications for the Japanese market’s globalization
SEMINAR 1 | Tokyo Back-to-Business Program Series 2019
In recent years, many operating companies have sought to enhance their corporate value by transforming their businesses through innovation, concentrating on core competencies, and reconstructing and optimizing their strategic business portfolios. As a result, divestitures of a portion of a company's business, commonly known as carve-outs, have flourished, presenting attractive M&A opportunities for private equity funds and especially for global private equity funds in the larger-scale transactions that have emerged in the domestic Japanese market in the past few years. In response to this changing landscape, Japan’s Ministry of Economy, Trade and Industry revised its management buyout guidelines in June 2019 in an effort to foster market transparency and fairness. This comes at a time when the Japanese domestic leveraged-buyout market has continued to see increases in loan amounts extended over the last few years amid ongoing global excess liquidity.
Our expert panelists from each field will examine the factors that gave rise to these trends, the issues they raise and their possible implications, particularly with regard to the globalization of the Japanese market.
- Michiaki Maebori, Managing Director, M&A Group, Investment Banking, JPMorgan Securities Japan Co., Ltd.
- Hiroyuki Otsuka, Managing Director, Carlyle Japan, L.L.C.
- Hitoshi Ryoji, General Manager, Acquisition and Leveraged Finance Department, Structured Finance Department, Financial Solutions Unit, Sumitomo Mitsui Banking Corporation
- Zenya Onishi, Partner, White & Case, Tokyo
- Jun Usami, Partner, White & Case, Tokyo
TIME AND DATE
Tuesday, September 17, 2019
3:30 p.m. Registration
4:00 p.m. Seminar
5:30 p.m. Reception
White & Case, Tokyo
Marunouchi Trust Tower Main, 26th Floor,
1-8-3 Marunouchi, Chiyoda-ku,
Tokyo 100-0005 Japan
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