Baker & McKenzie (Gaikokuho Joint Enterprise) advised Mizuho Bank, Ltd. on its JPY 1 trillion bridge loan to finance part of SoftBank Group's GBP 23.4 billion acquisition of ARM Holdings PLC (ARM), the largest cross-border acquisition ever by a Japanese company. The acquisition successfully closed on 5 September 2016, with ARM being delisted from the London Stock Exchange on 6 September 2016.
Shinichiro Kitamura and Gavin Raftery lead the Baker & McKenzie team and were assisted by fellow partners Kiyoshi Endo and Pierre Chiasson and associate Takuya Wada in Tokyo and partners Bernard Sharp and Robert Adam in London.
"We are very honored to have assisted Mizuho on this landmark transaction for both Japan and the UK" noted Kitamura.
Raftery added "The condensed timeframe on which this complex cross-border transaction was conducted once again demonstrates the strength and commerciality of Baker & McKenzie's global acquisition finance practice."