Nagashima Ohno & Tsunematsu, Mori Hamada & Matsumoto and Uryu & Itoga are advising on Kirin Holdings Company’s $1.4 billion acquisition of Japanese cosmetics and health supplements business Fancl Holdings.
Kirin Holdings, a Japanese beverage company, already owns 33% of Fancl via an acquisition in 2019. Its $1.4 billion tender offer for Fancl this month is subject to approval by the target’s board. Fancl has formed a special committee to review the takeover. If successful, Fancl will delist from the Tokyo Stock Exchange and become a wholly-owned subsidiary of Kirin.
