Simpson Thacher recently represented Nissin Foods Holdings Co., Ltd. (“Nissin”) in connection with a secondary offering of common stock of Nissin by Mizuho Bank, Ltd., MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation as the selling shareholders. The offering of 3,041,000 shares of Nissin’s common stock raised ¥23,981 million in gross proceeds, with the selling shareholders receiving all of the proceeds from the offering.
Nissin is a global manufacturer and distributor of food products, including their popular Cup Noodles brand, with a focus on a variety of instant noodle products. Originally founded in 1948 in Osaka, Japan with the development of the world’s first instant noodles, Chicken Ramen, Nissin has grown to offer a variety of products in about 100 countries across the world.
The Simpson Thacher team included Taki Saito, Lowell Battles and Xochitl Romo (Capital Markets); Jon Cantor and Suzy Yaster (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits). International Associate Kanji Harada provided valuable assistance.