Simpson Thacher Represents International Joint Lead Managers in ¥129 Billion Yakult Global Offering
03.14.18
This is only gets display when printing
Simpson Thacher represented the international joint lead managers, Citigroup, Mizuho International plc and J.P. Morgan, in an approximately ¥129 billion (approximately US$1.2 billion) secondary offering of shares of Yakult Honsha Co., Ltd. (“Yakult”). The selling shareholder in the global offering was Danone Probiotics Pte. Ltd. The global offering included an international offering to institutional investors pursuant to Rule 144A and Regulation S.
Yakult is a Japanese manufacturer of dairy products, many of which contain probiotics, with international operations in Japan, the Americas, Asia and Oceania, and Europe. In addition to dairy products, Yakult also manufactures pharmaceutical products.
The Simpson Thacher team for this transaction included Alan Cannon, David Snowden and Daniel Hulme (Capital Markets); Jon Cantor and CJ Murray (Tax); and Jennie Getsin (Blue Sky).