Major Deals

2010s

 

SELECTED DEALS (Morgan Stanley clients in bold)

M&A Advisory (Year announced)

  • Mitsubishi UFJ Lease & Finance's acquisition of Jackson Square Aviation (2012 Ongoing)
  • Olympus' sale of its Tokyo-based mobile phone retail subsidiary ITX Corporation to Japan Industrial Partners (2012)
  • Recruit's acquisition of Indeed (2012)
  • Unison Capital's sale of its portfolio company Akindo Sushiro to Permira (2012)
  • Dentsu's acquisition of Aegis Group (2012, Ongoing)
  • Marubeni's acquisition of Gavilon (2012, Ongoing)
  • Symantec's acquisition of VeriSign Japan through tender offer (2012)
  • Capital injection into TEPCO by Nuclear Damage Liability Facilitation Fund
    (a Japanese government entity)
  • (2012)
  • IBM’s sale of its Retail Store Point-of-Sale Solutions business to Toshiba TEC (2012)
  • Merger between Nippon Steel Corporation and Sumitomo Metal Industries (2011)
    • » “Best M&A Deal (IN-IN)” (J-MONEY)
  • Merger between Tokyo Stock Exchange Group and Osaka Securities Exchange (2011)
  • Recruit's sale of Media Factory to Kadokawa Group Holdings (2011)
  • Toyo Seikan's acquisition of Stolle Machinery Company (2011)
  • Unicharm's acquisition of Diana JSC (2011)
  • NTT Data's acquisition of Value Team (2011)
  • Nippon Life Insurance's strategic investment in Reliance Life Insurance (2011)
  • NTT Data's acquisition of Keane (2010)
  • AIG (Federal Reserve Bank of New York)'s sale of AIG Star Life Insurance and AIG Edison Life Insurance to Prudential Financial (2010)
    • » “Best M&A” (The Asset Regional Awards), “Best M&A Deal (OUT-IN)”
      (Euromoney (Japanese Edition))
  • Kirin Holdings' acquisition of its subsidiary Mercian by share exchange (2010)
  • Sumitomo Corporation's 30% stake acquisition of Usiminas' mining subsidiary through third-party share allotment (2010)
  • Sega Sammy Holdings' acquisition of its three listed subsidiaries by share exchange (2010)
  • NTT's acquisition of Dimension Data (2010)
    • » "Best M&A" (The Asset)
  • Unicharm's tender offer and subsequent cash-out merger with Unicharm PetCare (2010)


Equity Offerings

  • Daiwa House REIT Investment Corporation J-REIT Global IPO, ¥54 billion, joint global coordinator & joint bookrunner (2012)
  • Japan Retail Fund Global Follow-on Offering, ¥25.5 billion, joint global coordinator & joint bookrunner (2012)
  • Japan Airlines IPO, ¥663.2 billion, joint lead manager & joint bookrunner (2012)
    • » “Best Deal” (The Asset Country Awards)
  • Fukuyama Transporting Convertible Bonds, ¥20 billion, sole lead manager & sole bookrunner (2012)
  • Industrial & Infrastructure Fund Global Follow-on Offering, ¥20.3 billion, joint global coordinator & joint bookrunner (2012)
    • » “Best Real Estate Investment Trust” (Capital Eye), “J-REIT of the Year”
      (Thomson Reuters Dealwatch)
  • Nexon IPO, ¥98 billion, joint global coordinator & joint bookrunner (2011)
    • » “Best IPO” (Capital Eye), “Best IPO” (FinanceAsia), “Best IPO Deal” (J-MONEY)
  • Elpida Memory Global Follow-on Offering, ¥44.8 billion, joint global coordinator & joint bookrunner
    Convertible Bonds, ¥27.5 billion, joint bookrunner (2011)
  • Shinsei Bank Global Follow-on Offering, ¥74.5 billion, joint bookrunner (2011)
  • Otsuka Holdings IPO, ¥198.5 billion, joint global coordinator & joint bookrunner (2010)
    • » "Best IPO" (Asiamoney), "Best IPO" (Capital Eye), "IPO of the Year" (Thomson Reuters DealWatch)
  • Unicharm Euroyen Convertible Bonds, ¥80.5 billion, joint bookrunner (2010)
    • » "Best Equity-Linked Offering" (Asiamoney), "Best Equity-Linked" (The Asset), "Best Equity-Linked Deal" (FinanceAsia), "Equity-Linked Bond of the Year"
      (Thomson Reuters DealWatch)


Debt Offerings

  • NTT Finance Senior Unsecured Debt IPO, $500 million, 5-year, joint bookrunner (2012)
  • NTT Senior Notes, $750 million, 5-year, joint bookrunner (2012)
  • Takeda Pharmaceutical Senior Unsecured Debt IPO, $3 billion, 3-year and
    5-year, joint bookrunner (2012)
  • Shizuoka Prefecture Municipal Bonds, #6 ¥10 billion, 20-year, lead manager (2012)
  • Hyogo Prefecture Municipal Bonds, #15 ¥15 billion, 20-year, lead manager (2012)
  • City of Sapporo Municipal Bonds, H24-#1 ¥10 billion, 20-year, lead manager (2012)
  • Aichi Prefecture Municipal Bonds, H23-#16 ¥10 billion, 20-year, lead manager (2012)
  • City of Yokohama Municipal Bonds, H24-#1 ¥30 billion, 20-year, #24 ¥10 billion, 20-year, lead manager (2011)
  • Chiba Prefecture Municipal Bonds, #12 ¥20 billion, 20-year (2012), #11
    ¥30 billion, 20-year,lead manager (2011)
  • Kanagawa Prefecture Municipal Bonds, #20 ¥20 billion, 20-year (2012), #18
    ¥20 billion, 20-year, lead manager (2011)
  • Fukuoka City Municipal Bonds, #8 ¥10 billion, 30-year, lead manager (2011)
  • Japan Finance Organization for Municipalities JFM Bonds, #36 ¥40 billion,
    10-year, #24 ¥20 billion, 20-year, #20 ¥25 billion, 20-year (2012), F#61 ¥3 billion,
    30-year, F#68 ¥3 billion, 30-year, #24 ¥3 billion, 10-year, #17 ¥2 billion, 20-year,
    #19 ¥2 billion, 20-year (2011), lead manager
  • Japan Housing Finance Agency JHF Mortgage Backed Securities, #65
    ¥129.9 billion, lead manager (2012)
  • Japan Student Services Organizations Zaito Bonds, #28 ¥50 billion, 2-year, lead manager (2012)
  • Japan International Cooperation Agency Zaito Bonds, #13 ¥10 billion, 20-year, #12 ¥10 billion, 10-year (2012), #7 ¥20 billion, 20-year (2011), lead manager
  • Orix Senior Unsecured Notes, $500 million, 5-year, lead-left joint bookrunner (2012), Senior Bonds, $400 million each, 5-year, joint bookrunner (January and April, 2011), $750 million, 5-year, joint bookrunner (2010)
  • Mitsubishi UFJ Lease & Finance Offshore Senior Unsecured Notes, CNY300 million, 3-year, joint bookrunner (2012), CNY200 million, 2-year, sole manager (2011)
  • Bank of Tokyo-Mitsubishi UFJ Senior Unsecured Notes, AU$300 million, 3-year FRN (March 2012), $1 billion, 5-year fixed (February 2012), lead-left bookrunner, Senior Bonds $500 million each 3-year fixed & 3-year FRN (2011), $750 million,
    3-year, $1.25 billion, 5-year, (September 2010), Inaugural US$ Unsecured Senior Debt Offering by a Japanese bank, $1 billion each, 3-year & 5-year (January 2010), joint bookrunner
  • Mitsubishi Corporation Senior Unsecured Notes, $750 million, 5-year (2012), $500 million, 5-year (September 2011), joint bookrunner
    $500 million, 5-year, joint bookrunner (February, 2011)
    • » “Best Foreign Currency Bond” (Capital Eye)