Simpson Thacher Represents KKR in Pioneer DJ Investment
09.16.14
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Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with its announced investment in Pioneer Corporation’s business division that engages in the development, manufacturing and sale of DJ equipment, which will be spun off into a new company jointly owned by Pioneer and KKR. Based on the agreement signed by Pioneer and KKR, KKR will acquire all of the outstanding shares of the new company through a holding company for approximately 59 billion yen ($551 million), and Pioneer will invest in the holding company, which will be owned 85.05% by KKR and 14.95% by Pioneer. The transaction, which is expected to close by March 2015, is subject to regulatory approvals and other customary closing conditions.
The Simpson Thacher team includes David Sneider, Sayo Takizawa, Noritaka Kumamoto and Shannon Itoyama (M&A); Lori Lesser and Sharo Atmeh (IP); Tristan Brown and Brittany McCants (ECEB); Makiko Harunari, Mary Touchstone, Brandon Messina and Julia Kohen (Financing); and David Vann and Etienne Renaudeau (Antitrust).