Japanese construction company builds Australian presence

By Tom Lodewyke|29 November 2017
Japan, Japanese construction company

A Tokyo-based company specialising in homebuilding has made a strategic acquisition in Sydney.

Firms: Baker McKenzie (Daiwa House Industry Co., Ltd.); undisclosed (Rawson Group Pty Ltd)

Deal: Daiwa House acquired Rawson Group.

Value: Undisclosed

Advertisement
Advertisement

Area: M&A

Key players: The Baker McKenzie team advising Daiwa was led in Tokyo by partner Tetsuo Tsujimoto and senior associate Tsubasa Kubota, and in Sydney by senior associate Lawrence Mendes and associate Emily Hunter.

Deal significance: Daiwa House, Japan’s largest homebuilding company, reached an agreement to acquire Australia’s Rawson Group, the fifth-biggest homebuilder in NSW.

The deal marked an expansion of Daiwa House’s Australian operations. It was part of a strategy to acquire overseas businesses with medium to long-term growth potential, according to statement from Baker McKenzie.  

“We were delighted to act for our client Daiwa House Industry in acquiring the Rawson Group – a 40-year-old private corporation focused on land development and the construction of single-family homes in Sydney,” said Ben McLaughlin (pictured), head of corporate markets in Australia at Baker McKenzie.

SPONSORED CONTENT

The deal is subject to conditions precedent including FIRB [Foreign Investment Review Board] approval.

Pictured: Ben McLaughlin

Japanese construction company builds Australian presence
Intro image
lawyersweekly logo
Big Law

latest

Do lawyers want to go back to the office

Do lawyers want to go back to the office?

Top 10 post-COVID predictions for law

Top 10 post-COVID predictions for law

Rachel Setti

Productivity must be audited and redefined post-pandemic

Natalie Stoll

Answering the call of duty during COVID-19

FROM THE WEB
Recommended by Spike Native Network