Mori Hamada and TMI offer counsel on EQT's $320 million acquisition of CareNet
In a significant move, global investment firm EQT has announced a $320 million tender offer to privatize CareNet, a leading Japanese digital healthcare platform.
CareNet, founded in 1996 and headquartered in Tokyo, operates a pharmaceutical and medical information platform, providing medical education content to physicians. The transaction was evaluated by a Special Committee, consisting of four members, including Yohsuke Higuchi, a partner at TMI Associates, and Norihito Nagai from Kohwa Sohgoh Law Offices, who served as an independent outside audit and supervisory board member.
Mori Hamada & Matsumoto served as legal advisor to EQT in the tender offer, with Kenichi Sekiguchi leading the team. Kensuke Sakajiri and Yuki Tominaga were senior associates, and Masaki Kakimoto was a member of the Mori Hamada team. TMI Associates advised CareNet in the same tender offer.
EQT's support for CareNet includes strengthening its technology platform, upgrading its data analytics capabilities, and enhancing its go-to-market capabilities. The investment firm also aims to support CareNet's growth after the takeover.
Clifford Chance acted as the independent external supervisor and member of the special committee during EQT's advisory for the privatization of CareNet. The tender offer marks a significant step forward for CareNet, as it continues to shape the future of digital healthcare in Japan.
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