Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the management buyout (“MBO”) of Topcon Corporation (“Topcon”) led by Topcon President and CEO Takashi Eto. The MBO will receive investment from funds managed by KKR and JIC Capital, respectively. It is planned that KKR will hold a majority interest in Topcon. Topcon is a Japanese manufacturer and solution provider with a focus on healthcare, agriculture and infrastructure digital transformation solutions.
The proposed tender offer price of JPY 3,300 per share has been determined based on negotiations between KKR and Topcon. The commencement of the tender offer is subject to the fulfillment of certain regulatory approvals and other conditions.
The Simpson Thacher team includes Noritaka Kumamoto, Jonathan Stradling, Daisuke Ueta and Yuji Yagi (M&A); Makiko Harunari, Atsushi Usui, Chenyu Cui and Mark Watson (Credit); Étienne Renaudeau, Henry Llewellyn, Sandeep Mahandru, Jiaxin (Jessie) Li and Giovanna De Cristofaro (Antitrust); and George Wang, Shuhao Fan and Xue Feng (Compliance).