LAWFUEL – The Law News Wire – Lovells has been nominated for four awards at the ALB Japan Law Awards, to be held in Tokyo on 31 May.
The firm is shortlisted in the following award categories:
• M&A Deal of the Year – Softbank: Vodafone Japan
• Securitisation Deal of the Year: SoftBank
• International Deal Team of the Year: Lovells – Corporate/M&A
• International Dealmaker of the Year: Tim Lester – Lovells
Softbank’s acquisition, which completed in April 2006, was the largest LBO in Asia. Vodafone Japan was then valued at an enterprise value of approximately ¥1.8 trillion (US$15 billion/£8.9 billion). Lovells advised SoftBank throughout.
The subsequent ¥1,441.9 billion (US$12 billion/ £6.4 billion) whole business securitisation of Softbank to refinance the LBO, in which Lovells also advised, was arguably the largest whole business securitisation anywhere.
ALB researchers sent out nomination forms and conducted interviews with leading practitioners, in-house counsel and use their own stock of industry knowledge to evaluate the major deals of the year. The panel of judges, which includes senior in-house lawyers, then assess the importance of each deal according to size, complexity, breadth and innovation.