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Clifford Chance advises on Toshiba's US$5.4 billion share placement

16 January 2018

Clifford Chance advises on Toshiba's US$5.4 billion share placement

Leading international law firm Clifford Chance advised the investors on Toshiba's US$5.4 billion (JPY600 billion) share placement, which closed on 5 December 2017. The significant equity transaction involved a placement of new shares in the Japanese company to 60 fund investors located outside Japan.

The Clifford Chance team in Tokyo was led by partner Reiko Sakimura with assistance from partner Masayuki Okamoto, counsel Chihiro Ashizawa and senior associate Masafumi Shikakura, and further support from more than a dozen lawyers and paralegals including senior associates Yasuaki Dote, Hitomi Kurokawa and Yu Nimura, associates Yuki Hoshinaga, Hisao Ito, Yosuke Nomura, Keisuke Otsuka and Shin Setoyama.

Reiko said, "We were delighted and honoured to advise on this unique and strategically important transaction. The deal highlighted our team's particular strengths in cross-border transactions, requiring constant focus on best delivery, superb teamwork and excellent communication with the numerous parties involved. It was a truly extraordinary feat requiring huge commitment from our lawyers and paralegals, and I'm very proud of the team's achievements."