Monthly M&A Insider - Mergermarket
Monthly M&A Insider - Mergermarket
Monthly M&A Insider - Mergermarket
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value ($m)<br />
Mid-market deals<br />
Top 10 Japanese announced mid market deals for YTD 2009<br />
($10m to $250m)<br />
Announced Status Target company Sector Target/seller financial<br />
adviser<br />
27-Jan-09 P Nippon Milk<br />
Community Co Ltd<br />
27-Mar-09 P Chelsea Japan Co.,<br />
Ltd. (30% stake)<br />
27-Mar-09 P Kishu Paper Co.,<br />
Ltd.<br />
13-Feb-09 C eBank Corporation<br />
(46.4% stake)<br />
11-Mar-09 P Epson Toyocom<br />
Corporation<br />
(33.31% stake)<br />
14-Jan-09 P Hitachi Koki Co Ltd<br />
(10.13% stake)<br />
30-Jan-09 P Itoham Foods<br />
Incorporated<br />
(16.43% stake)<br />
30-Jan-09 P Wavelock Holdings<br />
Co Ltd<br />
13-Mar-09 P am/pm Japan Co<br />
Ltd<br />
25-Mar-09 P Tone Coca-Cola<br />
Bottling Co., Ltd.<br />
(30.6% stake)<br />
C = Completed; P = Pending; L = Lapsed<br />
Japanese M&A quarterly mid-market trend<br />
value volume<br />
4,500<br />
4,000<br />
3,500<br />
3,000<br />
2,500<br />
2,000<br />
1,500<br />
1,000<br />
500<br />
0<br />
Consumer Mizuho Financial Group;<br />
PricewaterhouseCoopers<br />
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1<br />
2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009<br />
Target/seller<br />
legal adviser<br />
number of deals<br />
70<br />
60<br />
50<br />
40<br />
30<br />
20<br />
10<br />
0<br />
Bidder<br />
company<br />
Snow<br />
Brand Milk<br />
Products Co<br />
Ltd<br />
Real Estate Nomura Holdings Mitsubishi<br />
Estate Co<br />
Ltd<br />
Industrials &<br />
Chemicals<br />
Financial<br />
Services<br />
Industrials &<br />
Chemicals<br />
Industrials &<br />
Chemicals<br />
Bidder<br />
financial<br />
adviser<br />
Daiwa<br />
Securities<br />
Group;<br />
Mizuho<br />
Financial<br />
Group<br />
Mitsubishi<br />
UFJ Securities<br />
Co Ltd<br />
Bidder legal<br />
adviser<br />
Mori<br />
Hamada &<br />
Matsumoto<br />
Japan<br />
Seller<br />
company<br />
Norichukin<br />
Bank; Zennoh;<br />
and<br />
Zenrakuren<br />
Sojitz<br />
Corporation<br />
Deal<br />
value<br />
($m)<br />
245<br />
Ernst & Young Hokuetsu<br />
Paper Mills,<br />
Ltd.<br />
Credit Suisse 240<br />
Rakuten Inc Nishimura &<br />
Asahi<br />
218<br />
PricewaterhouseCoopers Yanagida &<br />
Nomura<br />
Seiko Epson<br />
Corporation<br />
Bank of<br />
America<br />
Merrill Lynch<br />
Citigroup Hitachi Ltd Nomura<br />
Holdings<br />
Consumer Mitsubishi<br />
Corporation<br />
Industrials &<br />
Chemicals<br />
PricewaterhouseCoopers Nishimura &<br />
Asahi<br />
Wavelock<br />
Investment<br />
Consumer Daiwa Securities Group Lawson Inc Mitsubishi<br />
UFJ Securities<br />
Consumer Nomura Holdings Coca-Cola<br />
(Japan)<br />
Company<br />
Limited<br />
Mori<br />
Hamada &<br />
Matsumoto;<br />
Shearman<br />
& Sterling<br />
(Advising<br />
Bank of<br />
America<br />
Merrill<br />
Lynch);<br />
Simpson<br />
Thacher &<br />
Bartlett<br />
Davis Polk &<br />
Wardwell<br />
Kenichi Ito<br />
(private<br />
investor)<br />
Morrison &<br />
Foerster<br />
Rex Holdings<br />
Company<br />
Limited<br />
Kikkoman<br />
Corporation<br />
245<br />
183<br />
180<br />
152<br />
150<br />
148<br />
136<br />
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1<br />
2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009<br />
<strong>Monthly</strong> M&A report – 75