KITO Corporation: Business integration with the Crosby group
- Date
- 2022
- Practice Areas
- M&APrivate EquityCross-border M&A
Leading Japanese law firm Nishimura & Asahi advised KITO Corporation [TSE: 6409], a top manufacturer of hoists and cranes, on its business integration with the Crosby group, a world-renowned manufacturer of lifting and rigging.
The business integration will be implemented by means of a recommended tender offer for the shares of KITO (and its subsequent privatization) by a holding company of the Crosby group, which will be renamed Kito | Crosby upon completion of the business integration.
The Nishimura & Asahi team advising KITO was led by partners Kozo Kawai, Hiroshi Uchima, Masaki Noda, Tomoyuki Numata and Yoshiyuki Asaoka, supported by Yohei Omata.