Simpson Thacher represented an affiliate of KKR in the sale of a 19.9% stake in LOGISTEED Holdings, Ltd. (“LOGISTEED”) to Japan Post Co., Ltd. (“Japan Post”) for approximately JPY 142.3 billion (approx. US$932 million).
LOGISTEED provides, through its subsidiaries, comprehensive logistics services. Japan Post provides postal operations and logistics business services. The transaction marks a significant step in strengthening strategic collaboration between the two companies in domestic and international logistics.
The Simpson Thacher team includes Noritaka Kumamoto, Jonathan Stradling, Daisuke Ueta and Jasper Ma (M&A), Makiko Harunari and Atsushi Usui (Credit), and Etienne Renaudeau and Henry Llewellyn (Antitrust – M&A).