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.