Simpson Thacher recently represented Asahi Group Holdings, Ltd. in connection with its ¥177 billion (approximately U.S. $1.2 billion) offering of 33,479,200 shares of common stock to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act. All of the shares in the offering were existing shares sold by selling shareholders.
Asahi Group Holdings, Ltd. is a global manufacturer and distributor of beverages and foods with regional headquarters in Japan, Europe, Oceania and Southeast Asia.
The joint lead managers for the offering were Nomura International plc, J.P. Morgan Securities plc, SMBC Nikko Capital Markets Limited and Mizuho International plc.
The Simpson Thacher team included Alan Cannon, David Snowden and Yuriko Miyasaka (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); Michael Mann and Paul Jansch (Tax).