Nippon Life: Conversion of Nissay Asset to wholly-owned subsidiary
Leading Japanese law firm Nishimura & Asahi has advised Nippon Life Insurance Company (“Nippon Life”) on its agreement with Putnam Investments (“Putnam”), a U.S. asset management subsidiary of Power Financial Corporation of Canada, to unwind cross shareholdings in Nissay Asset Management Corporation (“Nissay Asset”) and PanAgora Asset Management, Inc. (“PanAgora”). This will result in Nissay Asset and PanAgora becoming wholly-owned subsidiaries of Nippon Life and Putnam, respectively.
The Nishimura & Asahi team advising Nissay Life was led by partners Tatsuya Tanigawa, Tatsuya Nakayama and Shingo Yamada.
People
Tatsuya Nakayama is a partner in our M&A and corporate practice and was previously seconded to a top-tier U.S. international law firm. He has represented Japanese and non-Japanese buyers and sellers in numerous domestic and cross-border M&A and other commercial transactions, including financial institutions M&A, strategic alliances, private equity, equity finance, startups and venture capital investments. He also has considerable expertise in strategy planning at all stages from early stage to PMI and advises on a broad range of legal issues in the field of general corporate matters, including corporate governance, and banking and insurance. Leveraging such significant expertise and experience, he provides attentive expert advice in an effective, practical and timely manner. He also has experience serving as an outside officer for private companies and as a lecturer at a prestigious university and law school in Japan.
Shingo has advised on a variety of domestic/cross-border M&A transactions, the establishment of joint ventures, business alliance transactions, as well as on equity financing matters. His areas of specialization broadly cover general corporate matters, including corporate governance and shareholders’ meetings. In particular, he has extensive experience providing advice on various cross-border/regional M&A transactions, including those in the U.S., Europe, and Asian countries.
Tatsuya Tanigawa is a partner at Nishimura & Asahi, and has represented Japanese and non-Japanese buyers and sellers in numerous cross-border transactions in various industries, including stock and asset acquisitions, private equity and venture capital investments, joint ventures, and strategic alliances. He has handled both inbound and outbound transactions, including many public company transactions. He is committed to finding solutions for his clients in any transaction.