Simpson Thacher recently represented KOKUSAI ELECTRIC CORPORATION in connection with its ¥240.4 billion (approximately US$1.6 billion) follow-on offering, including an international offering to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act, following its initial public offering in October 2023. All of the shares in the international offering were sold by the selling shareholders, KKR HKE Investment L.P. and KSP Kokusai Investments, LLC.
KOKUSAI ELECTRIC CORPORATION is a provider of semiconductor manufacturing systems that utilize world-class thin film deposition technologies and related support services based in Japan.
The international managers for the international offering were Nomura International plc, SMBC Nikko Capital Markets Limited, Mizuho International plc, Daiwa Capital Markets Europe Limited, Goldman Sachs International, KKR Capital Markets LLC, Morgan Stanley & Co. International plc, J.P. Morgan Securities plc and Merrill Lynch International.
The Simpson Thacher team included David Snowden, Yuriko Miyasaka and Anni Cai (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Michael Mann and Preston Irace (Tax).