Simpson Thacher recently represented Tsubaki Nakashima Co., Ltd. in connection with its ¥39.8 billion (approximately US$353.2 million) global offering of shares, including an offering to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act. All of the shares in the global offering were sold by funds affiliated with The Carlyle Group.
Tsubaki Nakashima is a global manufacturer of steel balls, precision rollers and specialty ball products with leading spherical surface processing technologies. It has manufacturing and sales operations in Japan, the United States, the United Kingdom, Poland, Italy, Bosnia, the Netherlands, Slovakia, China, Thailand, India, Taiwan, Singapore and South Korea.
The international joint lead managers for the international offering were Goldman Sachs International, Nomura International plc and UBS AG, London Branch.
The Simpson Thacher team included Alan Cannon and Lowell Battles (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Deborah Plum (Tax).