29 September, 2020
Skadden represented Goldman Sachs, the financial advisor to Hitachi Capital, in Hitachi Capital's merger with Mitsubishi UFJ Lease & Finance Company. Since May 2016, the two companies have been in collaboration to reinforce their respective overseas infrastructure investment businesses. The merger was announced on September 24, 2020 and will be effective on April 1, 2021, pending shareholder approval at both companies. Prior to the effective date, the common stock of Hitachi Capital is scheduled to be delisted from the Tokyo Stock Exchange. The combined company's annual sales are an estimated 1.4 trillion yen (US $13.2 billion).
The Skadden team was led by Tokyo partner Mitsuhiro Kamiya and New York partners Alexandra McCormack and Paul Schnell, with associates Caroline Frizzo (New York), Joshua Pirutinsky (New York) and Akira Tago (Tokyo).
