Skadden is advising Dai-ichi Life Holdings (“Dai-ichi”) in connection with the announcement that Dai-ichi has agreed to acquire a 19.9% strategic minority stake in the Canyon Partners (“Canyon”) business. Under the terms of the agreement, Dai-ichi has the right to acquire up to 51% of the equity interest in Canyon in 2027 and up to 100% in 2029. The transaction is subject to customary closing conditions, including certain regulatory consents, which are expected to be satisfied over the coming months. For more information, please see the companies’ press release here.
The Skadden team includes M&A/Financial Institutions partners David Hepp and Matthew Collin and counsel Martin Ziessler; M&A partners Akira Kumaki (Tokyo) and Mitsuhiro Kamiya (Tokyo); Tax partner Gavin White; Investment Management partner Heather Cruz; Capital Markets partner James Stringellow; Executive Compensation and Benefits partner Joseph Penko; Financial Institutions counsel Khalil Maalouf (Washington, D.C.) and associate James Caballero; and Corporate counsel Louis Artime (Tokyo) and Tatsuya Hasegawa (Tokyo). All attorneys are located in New York, unless otherwise noted.
