INCJ, Ltd. - Follow-on investment in Dynamic Map Platform Co., Ltd.
Leading Japanese law firm Nishimura & Asahi has advised INCJ, Ltd. on its follow-on investment of up to JPY18 billion (USD163 million) in Dynamic Map Platform Co., Ltd. (“DMP”), a Japanese company established in 2016 to develop, test and manage the common foundation data for high-definition 3D roadway maps for Japan’s national expressways and limited-access roads, necessary for autonomous driving and advanced driver-assistance systems.
This additional investment will be used by DMP to fund the acquisition of US-based Ushr Inc., which acquisition is subject to customary closing conditions pursuant to a definitive agreement between the parties, including receipt of regulatory approval, and also to fund the growth of DMP’s North American operations. In addition to INCJ, Mitsubishi Electric Corporation, an existing shareholder of DMP, and Japan Infrastructure Initiative Co., Ltd., will also invest in DMP during this round of funding.
The Nishimura & Asahi team advising INCJ was led by partners Takuya Matsuo and Tatsuya Nakayama.
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.