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Clifford Chance advises Mitsui & Co., Principal Investments and L Catterton Asia on acquisition of stake in eyewear company OWNDAYS

16 November 2018

Clifford Chance advises Mitsui & Co., Principal Investments and L Catterton Asia on acquisition of stake in eyewear company OWNDAYS

Leading international law firm Clifford Chance has advised Mitsui & Co., Principal Investments Ltd. (MCPI), an investment business subsidiary of Mitsui & Co., Ltd., and private equity firm L Catterton Asia, the Asian unit of L Catterton, on their joint acquisition of a stake in OWNDAYS Inc.

Headquartered in Japan, OWNDAYS is an innovative eyewear company. Operating over 115 stores in Japan and 142 stores overseas across 10 markets, including Singapore, Hong Kong, Taiwan, Thailand, Vietnam, Indonesia, Malaysia and the Philippines, OWNDAYS is Japan's most international optical eyewear retailer. This investment will help accelerate the company's growth in Asia Pacific.

Tokyo partner Tatsuhiko Kamiyama, who led the cross-border team, said "We are honoured to have advised L Catterton Asia and MCPI on this investment, which is another example of our strength in advising on cross-border M&A transactions, particularly in the exciting consumer and retail sector in Asia."

Tatsuhiko was supported by partners Valerie Kong, Richard Blewett and Wendy Wysong, counsel Masafumi Shikakura and Ali Burney, senior associates Timothy Merchant, Tess Forge, Brendon Tan, Ervin Chan and Jill Ge, associates Hisao Ito, Keisuke Otsuka, Shin Setoyama, Alice Bradshaw, Holly Cao and Jonathan Lit, and trainees Mohsun Ali, Chizoba Ikwueke and Alice Rockall.