Major Deals

2010s

 

SELECTED DEALS (Morgan Stanley clients in bold)

M&A Advisory (Year announced)

  • Sale of Protective Life Corporation to Dai-ichi Life (2014 Ongoing)
  • Unilever’s sale of pasta sauce brands to Mizkan (2014 Ongoing)
  • Suntory Holdings’ acquisition of Beam Inc. (2014)
  • ThyssenKrupp AG’s sale of ThyssenKrupp Steel USA LLC to Nippon Steel & Sumitomo Metal Corporation and ArcelorMittal SA consortium (2013)
  • CTBC Financial Holding's acquisition of Tokyo Star Bank (2013)
  • Sale of Edgen Group to Sumitomo Corporation and Sumitomo Corporation of America (2013)
  • Sale of Grohe AG to LIXIL Corporation and DBJ by TPG Capital and DLJ Partners (2013)
  • Merger of Tokyo Electron and Applied Materials (2013 Ongoing)
  • Acquisition of Lucozade and Ribena from GlaxoSmithKline by Suntory Beverage & Food (2013)
  • GE Capital’s sale of Bank of Ayudhya PCL to Bank of Tokyo-Mitsubishi UFJ (2013)
  • Mitsui & Co.’s acquisition of a 20% equity stake in the Jirau hydropower plant project in Brazil (2013)
  • Advisor of Deposit Insurance Corporation of Japan on Resona’s formulation of Public Funds Full Repayment Plan (2013)
  • ORIX's acquisition of a 90% stake in Robeco and allocation of ORIX's treasury stock to Rabobank (2013)
  • BTMU’s Strategic Minority Investment in VietinBank (Vietnam) (2012)
  • Business integration in the Thermal Power Generation Systems field between Mitsubishi Heavy Industries and Hitachi (2012)
  • Joint full acquisition of J:Com by KDDI and Sumitomo Corp (2012)
  • Unison Capital's sale of its portfolio company Akindo Sushiro to Permira (2012)
    • » “Best Private Equity Deal” (FinanceAsia)
  • Olympus' sale of its Tokyo-based mobile phone retail subsidiary ITX Corporation to Japan Industrial Partners (2012)
  • Dentsu's acquisition of Aegis Group (2012)
  • Marubeni's acquisition of Gavilon (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 Corporation (2012)
  • Sony's sale of its chemical products business to DBJ (2012)
  • UnionBanCal's acquisition of Pacific Capital Bancorp from SB Acquisition Co LLC (2012)
  • Merger between Tokyo Stock Exchange Group and Osaka Securities Exchange (2011)
  • Merger between Nippon Steel Corporation and Sumitomo Metal Industries (2011)
    • » “Best M&A Deal (IN-IN)” (J-MONEY) , “Best Domestic M&A” (FinanceAsia)
  • 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)
  • NTT's acquisition of Dimension Data (2010)
    • » “Best M&A” (The Asset)


Equity Offerings

  • Japan Display IPO: ¥334.7 billion, joint global coordinator & joint bookrunner (2014)
  • GS Yuasa Corporation Euroyen Convertible Bonds: ¥25.0 billion, joint bookrunner (2014)
  • Kobe Steel Global Follow-on Offering: ¥87.3 billion, joint bookrunner (2014)
  • Asics Euroyen Convertible Bonds: ¥30.0 billion, joint bookrunner (2014)
  • Industrial & Infrastructure Fund Global Follow-on Offering: ¥7.3 billion, joint global coordinator & joint bookrunner (2014)
  • Mitsubishi Motors Corporation Global Follow-on Offering: ¥269.9 billion, joint global coordinator & joint bookrunner (2014)
    • » “Best Deal” (Capital Eye), “Deal of the Year (Equity)” (Thomson Reuters DealWatch)
  • Toppan Printing Euroyen Convertible Bonds: ¥80.0 billion, joint bookrunner (2013)
  • Takashimaya Euroyen Convertible Bonds: ¥65.0 billion, joint bookrunner (2013)
    • » “Issuer of the Year (Best Equity-Linked)” (Thomson Reuters DealWatch)
  • Sharp Global Follow-on Offering: ¥125.6 billion, joint global coordinator & joint bookrunner (2013)
  • Japan Retail Fund Global Follow-on Offering: ¥47.8 billion, joint global coordinator & joint bookrunner (2013)
  • Nagoya Railroad Euroyen Convertible Bonds: ¥25.0 billion, joint bookrunner (2013)
  • Daiwa House Industry Global Follow-on Offering: ¥144.2 billion, joint global coordinator & joint bookrunner (2013)
  • Dentsu Global Follow-on Offering: ¥127.6 billion, joint global coordinator & joint bookrunner (2013)
    • » “Best Deal” (Capital Eye), “Issuer of the Year (Equity)” (Thomson Reuters DealWatch)
  • Olympus International Follow-on Offering: ¥118.3 billion, joint bookrunner (2013)
  • Suntory Beverage & Food IPO: ¥388.1 billion, joint global coordinator & joint bookrunner (2013)
    • » “Best IPO” (Asiamoney, J-MONEY), “Best ECM Deal” (FinanceAsia), “Best Deal” (Capital Eye), “Issuer of the Year” (Thomson Reuters DealWatch)
  • Nippon Prologis REIT IPO: (Feb ¥105.3 billion); Global Follow-on Offering: (Jun ¥77.1 billion, Nov ¥31.0 billion), joint global coordinator & joint bookrunner (2013)
    • » “Best Real Estate Investment Trust” (Capital Eye), “Issuer of the Year (J-REIT)” (Thomson Reuters DealWatch)
  • Industrial & Infrastructure Fund Global Follow-on Offering: ¥10.9 billion, joint global coordinator & joint bookrunner (2013)
  • Aozora Bank Global Follow-on Offering: ¥146.1 billion, joint global coordinator & joint bookrunner (2013)
  • 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

  • JT Senior Unsecured Notes: $500 million 5-year, joint bookrunner (7/2013)
  • SoftBank Senior Unsecured Notes: $2,485 billion, 2 tranche joint bookrunner (4/2013)
  • SOMPO Japan Sub-Debt: $1.4 billion 60NC10-year, joint bookrunner (3/2013)
  • NTT Finance Senior Unsecured Debt IPO: $500 million 5-year, joint bookrunner (7/2012)
  • Takeda Pharmaceutical Senior Unsecured Debt IPO: $3 billion, 2 tranche joint bookrunner (7/2012)
  • 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 (2012), #24 ¥10 billion 20-year (2011), lead manager
  • Chiba Prefecture Municipal Bonds: #12 ¥20 billion 20-year (2012), #11 ¥30 billion 20-year (2011), lead manager
  • Kanagawa Prefecture Municipal Bonds: #20 ¥20 billion 20-year (2012), #18 ¥20 billion 20-year (2011), lead manager
  • 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
  • NTT Senior Unsecured Notes: $500 million 7-year (2/2013), $750 million 5-year (7/2012), joint bookrunner
  • Orix Senior Unsecured Notes: $500 million 5-year (3/2012), $800 million 5-year (1/2011, 4/2011), $750 million 5-year (4/2010), joint bookrunner
  • Bank of Tokyo-Mitsubishi UFJ
    TCD: A$500 million 4-year FRN, joint bookrunner (3/2014)
    Senior Unsecured Notes: $4 billion, 5 tranche joint bookrunner (3/2014)
    TCD: A$650 million 4-year FRN, joint bookrunner (9/2013)
    Senior Unsecured Notes: $3 billion, 4 tranche joint bookrunner (9/2013)
    TCD: A$300 million 3-year FRN, joint bookrunner (3/2013)
    Senior Unsecured Notes: $2.25 billion, 4 tranche joint bookrunner (2/2013)
    TCD: AU$300 million 3-year FRN, joint bookrunner (3/2012)
    Senior Unsecured Notes: $1 billion 5-year fixed, joint bookrunner (2/2012)
    Senior Unsecured Notes: $1 billion, 2 tranche joint bookrunner (2/2011)
    Senior Unsecured Notes: $2 billion, 2 tranche joint bookrunner (9/2010)
    Inaugural US$ Senior Unsecured Notes Offering by a Japanese bank: $2 billion, 2 tranche joint bookrunner (1/2010)
  • Mitsubishi Corporation
    Senior Unsecured Notes: $500 million 5-year, joint bookrunner (7/2014)
    Senior Unsecured Notes: $500 million 5-year, joint bookrunner (7/2013)
    Senior Unsecured Notes: $750 million 5-year, joint bookrunner (7/2012)
    Senior Unsecured Notes: $500 million joint bookrunner (9/2011)
    Senior Unsecured Notes: $500 million 5-year, joint bookrunner (2/2011)
    Senior Unsecured Notes: $1 billion 5-year, joint bookrunner (9/2010)
  • Mitsubishi UFJ Lease & Finance
    Senior Unsecured Notes: $500 million 5-year FRN, joint bookrunner (7/2014)
    Senior Unsecured Notes: CNH500 million 3-year, joint bookrunner (2/2014)
    Senior Unsecured Notes: $300 million 5-year FRN, joint bookrunner (2/2014)
    Senior Unsecured Notes: $500 million 3-year, joint bookrunner (10/2013)
    Senior Unsecured Notes: $500 million 5-year, joint bookrunner (2/2013)
    Senior Unsecured Notes: CNH300 million 3-year, joint bookrunner (3/2012)
    Senior Unsecured Notes: CNH200 million 2-year, sole manager (4/2011)