Asahi Group Holdings Completes ¥163.5 Billion Global Equity Offering
09.15.20
This is only gets display when printing
Simpson Thacher recently represented Asahi Group Holdings, Ltd. (“Asahi”) in connection with its ¥163.5 billion (approximately US$1.546 billion) global offering of shares, including an offering to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act.
Asahi is a global manufacturer and distributor of beverages and foods with operations in over 20 countries, offering its products in over 50 countries across Asia, Europe, North America and Oceania. Asahi intends to use the net proceeds from the global offering to repay a portion of the loan it received to fund the acquisition of Carlton & United Breweries, an Australian brewing company that manufactures and sells popular brands of beer and cider in Australia, which was completed in June 2020.
Nomura International plc and J.P. Morgan Securities plc acted as international representatives of the international managers.
The Simpson Thacher team included Alan Cannon, David Snowden, Yu Mizutani and Xochitl Romo (Capital Markets); and Jonathan Cantor and Abigail Hopper (Tax).