Ashurst has advised FUJIFILM Holdings Corporation on its A$375 million acquisition of the Business Process Outsourcing (BPO) division of Salmat Limited.
Ashurst team members from Australia, Tokyo and Hong Kong worked on the matter and according to Ashurst Tokyo partner Natsuko Ogawa: “It was great to have an opportunity to work with FUJIFILM again on a major acquisition in Australia.”
Ashurst Sydney partner Ian Williams said: “The transaction continues the trend of Japanese companies finding the Australian domestic market attractive and also using Australia as a base for expansion into Asia.”
FUJIFILM Holdings Corporation is listed on the Tokyo, Nagoya and Osaka stock exchanges and in the 2012 financial year had revenue of 2195.3 billion yen (approximately A$27 billion).
The Ashurst team that worked on the deal included partners Ian Williams and Natsuko Ogawa (Corporate, Sydney and Tokyo), Tim Brookes (IT), Peter Armitage (Competition), Barbara Phair and Vivian Chang (Tax), Paul Jenkins (Banking), Stephen Woodbury (Employment), Lisa Ritson (IP), Cameron Thomson (Property) and Rehana Box (Insurance). In our Hong Kong office, Associate Juliana Sham and solicitor Justin Seto also worked on the deal.
