Simpson Thacher Represents Managers in ¥13.2 Billion Equity Offering by GNI Group Ltd.
Simpson Thacher represented the managers in connection with an ¥13.2 billion (approximately $90 million) offering by GNI Group Ltd. of 5,000,000 shares of common stock to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act.
GNI Group Ltd. serves as Japan-based headquarters of a global biopharmaceutical group with innovative drug portfolios and selective investment across the pharmaceutical/medtech value chain.
The managers for the offering were Jefferies LLC and SMBC Nikko Securities Inc.
The Simpson Thacher team included Taki Saito and Weiwei Chen (Capital Markets); Michael Mann (Tax); and Vanessa Burrows and Jacob Madden (Regulatory Matters).