Cases

Mizuho Financial Group, Inc./Mizuho Bank, Ltd. - Capital and business alliance between Mizuho Bank, Ltd. and IBJ Leasing Co., Ltd.

Leading Japanese law firm Nishimura & Asahi advised Mizuho Financial Group, Inc. [TSE: 8411 and NYSE: MFG] (“Mizuho Financial Group”) and its consolidated subsidiary Mizuho Bank, Ltd. (“Mizuho Bank”) on its capital and business alliance with IBJ Leasing Co., Ltd. [TSE: 8425] (“IBJ Leasing”), a provider of integrated financial services primarily in Asia.  

Under the alliance, Mizuho Bank will acquire a significant amount of common stock in IBJ Leasing, which will result in Mizuho Financial Group holding a 22.2% stake in IBJ Leasing, and in IBJ Leasing becoming an equity-method affiliate of Mizuho Financial Group. The Mizuho Financial Group and IBJ Leasing intend to construct a next generation financial platform to enhance the corporate value of both companies.

The Nishimura & Asahi team advising Mizuho Financial Group and Mizuho Bank was led by partners Kozo Kawai, Yuki Oi, Yusuke Motoyanagi and Shigeru Sasaki.