Hokkaido Electric Power Co., Inc. - Acquisition of stake in Alten RE Developments America B.V.
Leading Japanese law firm Nishimura & Asahi advised Hokkaido Electric Power Co., Inc. (“Hokkaido Electric”) [TSE: 9509], on its acquisition of a 40% stake in Dutch solar power developer Alten RE Developments America B.V. from Sojitz Corporation [TSE: 2768], with the purpose of participating in solar-power projects in Mexico.
The Nishimura & Asahi team advising Hokkaido Electric was led by finance partner Maya Ito, corporate partners Yusuke Nakagawa, Makoto Shimizu and Junya Kokaji, natural resources & energy partner Sadayuki Matsudaira, and foreign partner Peter G. Armstrong*.
Maya has extensive experience advising international investors on cross-border renewable energy projects, as well as advising both borrowers and lenders on financing for renewable energy projects in Japan. She previously worked in the cross-border project finance team of a Japanese megabank, handling matters relating to natural resources, power and energy, and infrastructure. Maya has also provided banks, financial institutions, and other corporate clients, most of which operate their businesses globally, with compliance and regulatory advice, as well as advice on a variety of governance matters. She is actively involved in D&I projects aimed at promoting the active participation of women, and has organized numerous D&I seminars and other similar events for corporations.
Sadayuki has a wealth of experience in supporting international clients in projects, transactions, and businesses in the energy sector. Sadayuki advises his clients on the best solutions for achieving their business goals based on his deep understanding of the relevant laws and regulations and practices in the full energy supply chain. He also has expertise in carbon-neutral projects and businesses, such as renewable power projects and hydrogen projects, as well as pioneering businesses involved in recent developments in the electricity market and the regulations thereon. Sadayuki serves as a member of an industrial safety rules committee and a hydrogen safety strategy committee, both of which were established by the Ministry of Economy, Trade and Industry of Japan, and also is a member of an electricity capacity market committee, which is part of the Organization for Cross-regional Coordination of Transmission Operators, Japan (OCCTO).
Makoto is an M&A/corporate partner. He has advised on numerous cross-border and domestic mergers and acquisitions for a variety of clients including business entities, financial institutions and private equity funds. He also worked for a leading Brazilian law firm for one year and is a key member of the Latin American Practice Group of Nishimura & Asahi, and provides legal advice to clients that operate businesses in Brazil and other Latin American countries.
Junya handles every kind of M&A deal, whether listed or closed companies, domestic or cross-border, as well as general corporate matters such as shareholders’ meetings and corporate governance. He always provides accurate advice to clients at any time and earns their trust with flexible and dedicated support. In light of his strengths and experience, in recent years, he has been involved in large-scale and complex M&A deals and management integration projects of listed companies. He is also involved in a lot of investment projects by domestic and overseas PE funds. Additionally, with his experience working for law firms in Brazil and Argentina, he supports Japanese companies expanding their businesses to Latin American countries as a member of the Latin American Practice Team. He also has a rich network of law firms in Latin American countries.