 |
Kekst CNC handled Sony Financial Holdings' return to Sony Corp full ownership this month, 13 years after an initial public offering of 35 percent of its shares.
Sony had owned a 65 percent stake in SFH and paid $3.7B for the outstanding shares of the company, which is a major player in Japan's banking and insurance markets.
CEO Kenichiro Yoshida told investors that during the current climate of COVID-19 pandemic and geopolitical risks, the financial services business provides a stable business platform in Japan.
The Wall Street Journal reported that SFH generated from 15 to 25 percent of Sony's operating profit during recent years.
SFH said the deal will enable it to "leverage Sony’s R&D functions, artificial intelligence technologies and brand power more than ever, to promote and accelerate the development of new products and new services.”
The Kekst CNC SFH team includes Tokyo staffers Jochen Legewie, partner/head of Asia; Minako Otani, senior consultant; Ai Saito, consultant; and Marika Kishimoto, senior associate as well as Hong Kong's Daniel Del Re, partner; and Nicole Liu, consultant; and New York partners Mark Semer and Kimberly Kriger and associate Connor Moriarty.
Publicis Groupe owns Kekst CNC.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Have a comment? Send it to 
No comments have been submitted for this story yet.