Shinsei Bank, Limited’s €510 Million Secondary Offering


Simpson Thacher represented Shinsei Bank, Limited (“Shinsei Bank”), J. Christopher Flowers and entities affiliated with J.C. Flowers & Co. LLC (the “Selling Shareholders”), in connection with a global offering of 43,535,000 shares of common stock of Shinsei Bank by the Selling Shareholders at a public offering price of ¥1,387 per share.

Shinsei Bank is a diversified Japanese financial institution providing a range of financial products and services to both individual and institutional customers.

The international joint lead managers for the international offering were Merrill Lynch International, Citigroup Global Markets Limited and Nomura International plc.

The Simpson Thacher team included Alan Cannon (Picture), Lowell Battles and Michael Young (Capital Markets); Jeanne M. Annarumma (ERISA); and Jonathan Cantor and Abigail Hopper (Tax). Summer Associates Zhongji Wu and Taylor Wettach also provided valuable assistance.

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Lowell Battles – Simpson Thacher & Bartlett; Alan Cannon – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Taylor Wettach – Simpson Thacher & Bartlett; Zhongji Wu – Simpson Thacher & Bartlett; Michael Young – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: J. Christopher Flowers; Shinsei Bank, Limited;

Author: Michael Patrini