Simpson Thacher recently represented NS Group, Inc., a portfolio company of Bain Capital, in connection with its ¥34.2 billion (approximately US$221 million) initial public offering on the Tokyo Stock Exchange, including an offering to institutional investors outside Japan pursuant to Rule 144A, and to institutional investors outside Japan and the United States pursuant to Regulation S. The shares in the international offering consisted of existing shares sold by the selling shareholders, BCPE Say Cayman, L.P. and BCPE Say Cayman2, L.P., funds affiliated with Bain Capital.
NS Group, Inc. provides rent guarantee services and rent collection services to rental real estate companies in Japan.
The international joint lead managers for the international offering were SMBC Bank International plc, Daiwa Capital Markets Europe Limited and J.P. Morgan Securities plc.
The Simpson Thacher team included Taki Saito, Xochitl Romo and Andrew Weiss (Capital Markets); Jon Cantor (Tax); and Erica Rozow and Jeanne Annarumma (Executive Compensation and Employee Benefits).