Baker McKenzie has advised Mitsubishi UFJ Trust and Banking Corporation (MUTB) on its agreement to acquire Colonial First State Global Asset Management from Commonwealth Bank of Australia for A$4.1 billion (US$2.9 billion).

Baker McKenzie Lead M&A Partners' Ben McLaughlin and Tetsuo Tsujimoto said: “We are delighted to assist Mitsubishi UFJ Financial Group on this highly important transaction. It will provide MUTB with substantial enhancement of its global asset management services, in many key locations around the world. The transaction has illustrated the ability of Baker McKenzie to successfully execute a cross-border, multinational, market-leading M&A transaction in the financial services industry, in an expedited timeframe.”

Baker McKenzie Lead Regulatory Partners' Toshio Shimada and Masato Honma said: “We have been privileged to work with the MUTB team on this transaction.”

The Baker McKenzie team advising MUTB included Byron Frost, Satoshi Abe, Lawrence Mendes, Rick Troiano, Antony Rumboll, Dan McGuiness, Bill Fuggle, and Melissa Carmody.

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