GMO Internet, Inc. - Omakase Co., Ltd. becomes subsidiary by share delivery (kabushiki kofu)
Leading Japanese law firm Nishimura & Asahi advised GMO Internet, Inc. [TSE: 9449], a Japanese internet service provider, on making Omakase Co., Ltd., a restaurant reservation service, its subsidiary by way of share delivery (kabushiki kofu). Share delivery is a new transaction method in Japan and this is the first case in which share delivery with a securities registration statement was used.
The Nishimura & Asahi team advising GMO Internet was led by partners Naoko Shimura, Kohei Koikawa and Tomohiro Takagi, and counsel Masashi Ueda, supported by Keiichiro Yamanaka, Daiki Sanada and Mayumi Yamada.
People
Naoko handles various types of M&A transactions, such as global/domestic acquisitions and alliances, joint venture transactions, and group reorganizations. She also has extensive experience providing strategic advice on various legal issues commonly faced by corporate clients, including those relating to corporate governance, compliance, commercial contracts/transactions, employment, and crisis management.
Tomohiro’s practice focuses on M&A, joint ventures, and general corporate matters, with a particular emphasis on cross-border transactions. In the area of M&A, he has advised on many acquisitions of foreign companies by Japanese companies, MBOs and other de-listings of Japanese listed companies, and mergers and other integrations between listed companies. In the area of joint ventures, he has advised on numerous overseas joint venture transactions between Japanese companies and foreign companies. Over the last few years, he has also been advising clients in the gaming industry, and is the only Japanese attorney ranked in the Gaming & Gambling category of Chambers Global 2022 and Chambers Asia-Pacific 2022.
He has an extensive track record representing issuers, managers and selling shareholders in various capital markets transactions, incduling global IPOs, global follow-on offerings, convetibles bonds offerings, debt offerings, private investments in public companies (PIPEs), J-REITs offerings. He also has been active in fincance transactions by venture companies.