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Tsuyoshi specializes in complex leveraged buyouts, acquisitions and corporate finance transactions. He regularly works with clients on transactions across the globe, and over the past decade has represented clients as lead counsel on transactions with an aggregate value of more than $100 billion, including four of the five largest private equity deals in Japan since 2008, and the largest private equity deal and leveraged buyout in Asia ever.
Tsuyoshi has been recognized as American Lawyer deal lawyer of the year (2019), Law360 private equity deal lawyer of the year (2020), Asia Legal Awards private equity deal lawyer of the year (2021), and Asian Legal Business dealmaker of Asia (2023). He is also the managing partner of the firm's Tokyo office.
Experience
- Bain Capital Private Equity in the approximately $3 billion leveraged buyout of Evident Corporation from Olympus Corporation.
- The consortium led by Bain Capital in the $7.5 billion leveraged tender offer for Hitachi Metals. This is reported to be the second largest private equity deal in Japan, and third largest in Asia (with the largest for being the acquisition of Toshiba Memory).
- A global PE sponsor in the approximately $1.2 billion leveraged acquisition of a fashion business.
- Canada Goose in its joint venture in japan.
- Bain Capital Private Equity in the leveraged tender offer for Kirindo, which valued the company at approximately $380 million.
- Bain Capital Private Equity in the leveraged tender offer for Nichii Gakkan, which valued the company at approximately $1.2 billion.
- Kioxia Holdings Corporation, a world leader in memory products and solutions, in the acquisition of the SSD business, primarily located in Taiwan, from LITE-ON Technology Corporation.
- Bain Capital in the approximately $875 million acquisition of Showa Aircraft.
- Bain Capital in the acquisition of Cheetah Digital Japan.
- Toshiba Memory Corporation, a global leader in the manufacturing of memory chips, in the approximately $11 billion refinancing and redemption of shares from existing shareholders.
- Bain Capital in the approximately $900 million acquisition of the HR business of Works Applications.
- Bain Capital, as controlling consortium member, in connection with the approximately $18 billion (two trillion yen) acquisition and approximately $14 billion (1.5 trillion yen) acquisition and other financing for Toshiba Memory that was sold as a competitive auction. This transaction was awarded the 2018 “Japan Deal of the Year”, “M&A Deal of the Year” and the “Technology, Media & Telecommunications Deal of the Year” by the ALB, the “M&A deal of the year for North Asia” by the Asia Legal Awards, ranked as “One of the Top Global PE Deals of 2018” by Pitchbook, received standout recognition for innovation in managing complexity and scale by the Financial Times, and also was awarded the 2019 “Private Equity Deal of the Year” by IFLR Asia-Pacific Awards.
- Bain Capital in connection with the approximately $1.4 billion leveraged tender offer buyout of Asatsu DK.
- Bain Capital in the sale of shares of Skylark in a secondary offering, and an accelerated bookbuilding offering.
- Bain Capital in the initial public offering of Macromill Inc., and Bellsystem24 on the Tokyo Stock Exchange.
- M/A-COM Technology Solutions, in its acquisition of FiBest Limited.
- Bain Capital in its leveraged tender offers for Yukiguni Maitake and Japan Wind Development Company.
- Bain Capital in its leveraged acquisition of the Ooedo Onsen hotel chain and its subsequent REIT offering.
- Bain Capital, as selling shareholder, in the initial public offering of Skylark Co., Ltd., which valued the company at approximately $2 billion. The transaction was awarded the “2015 Equity Deal of the Year” by the ALB.
- Bain Capital in the approximately $500 million leveraged tender offer for all of the shares of Macromill Inc.
- Bain Capital in the exit of Suntelephone and sale of Domino’s Pizza Japan, sale of a portion of Domino’s Pizza Japan to Dominos Australia, and sale of 49.9% of Bellsystem24 to Itochu Corporation.
- Bain Capital in its acquisition from Sumitomo Corporation, and subsequent sale to Jupiter Telecommunications Co., Ltd., of 50% of Jupiter Shop Channel Co., Ltd.
- Baring Private Equity in its leveraged buyout of a Japanese business.
- Bain Capital in its $2.1 billion (not including assumed debt) leveraged acquisition of restaurant chain Skylark Co., Ltd. The transaction was awarded the “2012 Debt Finance Deal of the Year” by the ALB.
- Bain Capital in its approximately $1.1 billion leveraged acquisition of Bellsystem24, the leading call center in Japan. The transaction was sold as part of a competitive auction, and was awarded the “2010 Technology, Media & Telecommunications Deal of the Year” by the ALB.
- Jupiter Telecommunications Co., Ltd. in the sale of a subsidiary to NBC Universal, Inc.
- Bain Capital in its approximately $500 million leveraged acquisition of D&M Holdings, Inc., a premium speaker and audio devices company. The transaction was sold as part of a competitive auction, and was awarded the “2009 Technology, Media & Telecommunications Deal of the Year” by the ALB.
- Marubeni Corporation and Tokyo Electric Power Company in their approximately $3.6 billion leveraged acquisition of assets primarily located in the Philippines that was sold in an auction process. That transaction was awarded the Asian Counsel deal of the year for 2007.
- Jupiter Telecommunications, Co., Ltd. in its approximately $1.3 billion initial public offering on the Jasdaq exchange. That transaction was awarded the “Technology, Media and Telecommunications Deal of the Year” by the ALB.
- Carlyle in its approximately $2.2 billion leveraged acquisition of a telecommunications carrier in Japan. That deal was awarded the “M&A Deal of the Year” by the ALB.