Baker McKenzie has advised Mitsubishi UFJ Trust and Banking Corporation (MUTB) on its agreement to sell its 15% shareholding in AMP Capital to AMP Limited for AUD 460 million.
Lead M&A partners Ben McLaughlin and Tetsuo Tsujimoto said: “We are delighted to assist MUTB on this highly important transaction."
Tetsuo Tsujimoto noted: "MUTB entered into a strategic business and capital alliance with AMP Capital in 2011. Since then, MUTB has offered AMP Capital investment products to MUTB's Japanese institutional and retail clients. Although the business and capital alliance will conclude, AMP Capital will remain an important partner of MUTB."
Ben McLaughlin added: "This M&A transaction follows on from MUTB's acquisition last year of First Sentier Investors (previously called Colonial First State Global Asset Management) for AUD 4.13 billion. This transaction with AMP again illustrates the ability of Baker McKenzie to successfully execute a cross-border, multinational, market-leading M&A transaction in the financial services industry.”
Lead regulatory partner Toshio Shimada said: “We have been privileged to work with the MUTB team on this transaction.”
The Baker McKenzie team advising MUTB includes Lawrence Mendes, Byron Frost, Satoshi Abe, John Walker, Bill Fuggle, Jonathan Kelt, and Will Malouf.