SG Holdings’ ¥116 Billion Initial Public Offering


Simpson Thacher represented the International Managers, Morgan Stanley and Daiwa Securities, in a ¥116 billion (approximately US$1 billion) initial public offering of shares of SG Holdings Co., Ltd. (“SG Holdings”).

The selling shareholder in the IPO was SG Holdings Group Employee Shareholding Association. The global offering included an international offering to investors outside Japan and the United States in reliance on Regulation S.

SG Holdings is the holding company of the SGH Group and is principally engaged in the provision of a wide range of logistics and other services in Japan and Asia, including both B-to-B and B-to-C delivery services, through its principal operating subsidiaries, which includes SAGAWA EXPRESS CO., LTD.

The Simpson Thacher team for this transaction included Alan Cannon (Picture), Daniel Hulme and Brandon Whittaker (Capital Markets); and Jon Cantor and CJ Murray (Tax).

Involved fees earner: Alan Cannon – Simpson Thacher & Bartlett; Daniel Hulme – Simpson Thacher & Bartlett; Brandon Whittaker – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Morgan Stanley; Daiwa Securities Group Inc.;