Private Equity
One-stop advice to private equity firms throughout their investment cycle by a team of experienced experts with a track record of being on the front lines.
We provide private equity firms with comprehensive advice throughout their investment cycle from acquisition by means of leveraged buyout (LBO) or management buyout (MBO), minority investment including PIPEs or growth investment through exit, depending on their investment strategies. At the acquisition/investment stage, we design and propose optimal transaction structures utilizing, among other things, tender offers, squeeze-outs and third-party allotments, as well as transaction finance structures including LBO finance. We also advise on effective strategies to address the risk of shareholder disputes such as appraisal suits, which are increasing in frequency, from the initial phase of the transaction. After the acquisition/investment, we provide strategic advice for the maximization of investment value by: (i) optimizing the capital structure through corporate reorganizations, refinancing of existing debt and co-investments by strategic partners; and (ii) enhancing the target company’s value through roll-ups, the introduction of incentive programs, development of internal management facilitating efficient business operations and compliance with applicable laws and regulations. At the exit stage, we provide one-stop services covering a wide range of exit options including initial public offerings, trade sales and business carve-outs.
Recent Work
-
- 2026.1
- Endeavour United Co., Ltd. - Acquisition of CLAN Co., Ltd.
-
- 2026.1
- Carlyle: Sale of Iwasaki Electric Co., Ltd. to Stanley Electric Co., Ltd.
-
- 2025.12
- Advantage Partners, Inc. - Sale of All Shares of Qit Co., Ltd.
-
- 2025.12
- Carlyle: Tender Offer for HOGY MEDICAL Co., Ltd.
-
- 2025.12
- SPARX Asset Management Co., Ltd. – Acquisition of Sawafuji Electric Co., Ltd.
-
- 2025.10
- Logisteed, Ltd. - Acquisition of Shares of Logisteed Holdings by Japan Post Co., Ltd., A Three-Party Capital and Business Alliance
-
- 2025.9
- Oji Holdings Corporation: Acquisition of AustroCel Hallein GmbH
-
- 2025.9
- Kohlberg Kravis Roberts: Management Buyout of Topcon Corporation
-
- 2025.7
- Resonac Holdings Corporation: Sale of Shares in F2 Chemicals Ltd. to Rcapital Partners LLP.
-
- 2025.7
- Affirma Capital Managers Korea Limited: Acquisition of Shares of JTC Inc.
Awards & Rankings
-
-
25 Nishimura & Asahi Lawyers Named Stand-out Lawyers 2026 by Thomson Reuters
-
-
Nishimura & Asahi Ranked First in the 2025 Mergermarket and LSEG M&A Japan League Tables for Fifth Consecutive Year
-
-
Sy & Partners (in association with Nishimura & Asahi) Receives Double Awards at Asia Business Law Journal’s Philippines Law Firm Awards 2025
Seminars
-
-
Trends and Practices in Cross-Border Startup Investment
Tokyo
Nishimura & Asahi Seminars
-
-
Global Perspectives: Challenges for Inward Investment into Europe and the U.S.
London
External Seminars
-
-
Specialty Areas in Private Acquisitions or Sales: International Aspects and Intellectual Property
New York City
External Seminars
