Bain Capital’s $830 Million Tender Offer For Showa Aircraft


Ropes & Gray advised Bain Capital on the transaction.

Bain Capital closed its approximately $830 million tender offer for all of the outstanding shares of Showa Aircraft, a Japan based company that manufactures aircraft parts, and operates a hotel and golf courses.

Reflecting a broader market trend, that deal was a spin out of a listed public subsidiary, in this case in which the seller, Mitsui E&S, owned approximately 65% of the company.

Founded in 1984, Bain Capital, LP is one of the world’s leading multi-asset alternative investment firms.

The Ropes & Gray team that represented Bain Capital in the transaction was led by private capital transactions partners Tsuyoshi Imai (Picture) and Ben Morris, and included private capital transactions counsel Kaori Fukazawa, private capital transactions associate Keisuke Takacho and senior corporate paralegals Nao Omoto and Elena Hikage (all of Tokyo). Private capital transactions associate Alice Sun (Hong Kong) provided financing support. Additional support was provided by private capital transactions associate Kevin Uhler (Chicago) and other Ropes attorneys.

Involved fees earner: Kaori Fukazawa – Ropes & Gray; Tsuyoshi Imai – Ropes & Gray; Ben Morris – Ropes & Gray; Alice Sun – Ropes & Gray; Keisuke Takacho – Ropes & Gray; Kevin Uhler – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Bain Capital;

Author: Michael Patrini