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Toshiba advised on multibillion-dollar share placement

Clifford Chance has advised Toshiba on a significant share placement, which reached close last month.

January 22, 2018 By Emma Musgrave
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Toshiba advised on multibillion-dollar share placement
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Firm: Clifford Chance (Toshiba)

Deal: Toshiba has been advised on a share placement, which closed on 5 December 2017.

 
 

Value: US$5.4 billion

Area: Finance

Key players: The Clifford Chance team was led by partner Reiko Sakimura with assistance from partner Masayuki Okamoto, counsel Chihiro Ashizawa and senior associate Masafumi Shikakura, and further support from more than a dozen lawyers and paralegals including senior associates Yasuaki Dote, Hitomi Kurokawa and Yu Nimura, associates Yuki Hoshinaga, Hisao Ito, Yosuke Nomura, Keisuke Otsuka and Shin Setoyama.

Deal significance: The significant equity transaction involved a placement of new shares in the Japanese company to 60 fund investors located outside Japan, according to a statement from Clifford Chance.

Commenting further on the transaction, Clifford Chance lead partner Reiko Sakimura said: “We were delighted and honoured to advise on this unique and strategically important transaction”.

“The deal highlighted our team’s particular strengths in cross-border transactions, requiring constant focus on best delivery, superb teamwork and excellent communication with the numerous parties involved,” he added.

“It was a truly extraordinary feat requiring huge commitment from our lawyers and paralegals, and I’m very proud of the team’s achievements."

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