Yakult Honsha Co’s $1.2 billion Shares Offering

Simpson Thacher represented the international joint lead managers, Citigroup, Mizuho International plc and J.P. Morgan, in an approximately ¥129 billion (approximately US$1.2 billion) secondary offering of shares of Yakult Honsha Co., Ltd.

The selling shareholder in the global offering was Danone Probiotics Pte. Ltd. The global offering included an international offering to institutional investors pursuant to Rule 144A and Regulation S.

Yakult is a Japanese manufacturer of dairy products, many of which contain probiotics, with international operations in Japan, the Americas, Asia and Oceania, and Europe. In addition to dairy products, Yakult also manufactures pharmaceutical products. The company, led by Takashige Negishi, Yoshihiro Kawabata and Hiroshi Narita, in 2017 recorded $3.57 Billion Revenues.

The Simpson Thacher team for this transaction included Alan Cannon (Picture), David Snowden and Daniel Hulme (Capital Markets); Jon Cantor and CJ Murray (Tax); and Jennie Getsin (Blue Sky).

 

Involved fees earner: Alan Cannon – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett; Daniel Hulme – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Inc.; JP Morgan; Mizuho;

 

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Author: Michael Patrini