Simpson Thacher recently represented J.P. Morgan, Daiwa Securities and Mitsubishi UFJ Morgan Stanley, the joint global coordinators of a ¥311 billion (approximately US$2.8 billion) offering of shares of Japan Post Insurance Co., Ltd. (“JP Insurance”) by the selling shareholder, Japan Post Holdings Co., Ltd.
The global offering included an international offering to institutional investors outside Japan in reliance on Rule 144A and Regulation S.
JP Insurance is the largest life insurance company in Japan and offers a range of products, with a focus on individual life insurance, such as endowment insurance and whole life insurance, and annuity products.
The Simpson Thacher team included Alan Cannon (Picture), David Snowden and Michael Young (Capital Markets); Jonathan Cantor and Pierce Randolph (Tax); and Jennie Getsin (Blue Sky).
Involved fees earner: Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Pierce Randolph – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett; Michael Young – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;