IFLR1000

Nippon Life Insurance ¥334.5 billion acquisition of Mitsui Life Insurance

4/1/2016
Public acquisition
Select tab

¥ 334.5 billion

$ 3.003 billion

Completed

4/1/2016

Overview:

  • Nippon Life Insurance has acquired Mitsui Life Insurance for ¥334.5 billion.
  • The deal was completed via an initial tender offer followed by a squeeze out.
  • Mitsui has 10,000 staff and reported ¥7.4 trillion in assets.
  • Mitsui will continue to trade under its own brand.
  • The deal is the biggest in the Japanese insurance market since the formation of Meiji Yasuda Life Insurance in 2004.

Sam Duke - Editor

Jurisdiction:

Japan

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Insurance

Firms:
Mori Hamada & Matsumoto

Party: Mitsui Life Insurance (Target)

Nagashima Ohno & Tsunematsu

Party: Nippon Life Insurance (Acquirer)

Lawyers: Masatsura Kadota, Taku Umezawa, Tatsuya Okano, Yoshitoshi Imoto

Related deals