Japan Post Holdings’ ¥843 Billion Equity Offering

Simpson Thacher represented the international managers in the offering while Sullivan & Cromwell advised Japan Post Holdings and Minister of Finance.

Japan Post Holdings Co., Ltd. announced a ¥843 billion offering of shares by the selling shareholder, the Minister of Finance of Japan, acting as representative of the Government of Japan. The global offering included an international offering to institutional investors outside Japan in reliance on Rule 144A and Regulation S.

Japan Post Holdings is principally engaged in offering mail and parcel, banking and life insurance services through its principal operating subsidiaries, Japan Post Co., Japan Post Bank and Japan Post Insurance.

Goldman Sachs, J.P. Morgan, Daiwa, Mizuho and BofA Securities acted as the joint lead managers for the international offering.

The Simpson Thacher team included Alan Cannon (Picture), David Snowden and Xochitl Romo (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (Blue Sky).

The S&C team in Tokyo included Keiji Hatano, Nirav Mehta, Adam Church and Harold Primm. In New York, Jeff Hochberg, Saul Brander and Devin Risinger advised on U.S. tax and ERISA matters. 

Involved fees earner: Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Xochitl Romo – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett; Saul Brander – Sullivan & Cromwell; Adam Church – Sullivan & Cromwell; Keiji Hatano – Sullivan & Cromwell; Jeffrey Hochberg – Sullivan & Cromwell; Nirav Mehta – Sullivan & Cromwell; Harold Primm – Sullivan & Cromwell;

Law Firms: Simpson Thacher & Bartlett; Sullivan & Cromwell;

Clients: Bank of America Securities; Daiwa Securities Group Inc.; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Japan Post Holding; Ministry of Finance Japan; Mizuho;