M&A advisory services in Malaysia

Advisory services

-M&A advisory services specialized in cross border M&A between Malaysia and Japan
-Legal related work partnering with local law firms
-Market research and consultation
-Support Japanese company's business expansion in Malaysia
-Turnaround management
-Crisis management

What's New

Serial article regarding M&A on NNA (vol.50)

2020/09/02 Articles

Newsletter regarding MACCA

2020/08/24 Newsletter

Mega M&A deal at USD 12.2 billion

2020/08/22 Others

Serial article regarding M&A on NNA (vol.49)

2020/08/19 Articles

Mega M&A deal at USD 21 billion

2020/08/09 Others

Serial article regarding M&A on NNA (vol.48)

2020/08/05 Articles

Support cross border M&A as the only Japanese M&A advisory firm established in Malaysia

We support M&A from A to Z, sourcing of potential seller/buyer, deal execution until the closing of the M&A deal. We especially experienced in cross border M&A between Malaysia and Japan collaborating with local law firms and accounting firms. We have successfully brought a lot of Japanese investors to Malaysia.

1 Sourcing of M&A target
-Market research
-Listing potential targets of M&A deal
-Negotiation with potential targets

2 Commencement of the M&A project
-Arrangement of site visit and management interview
-Calculation of acquisition price and price negotiation
-Structure the deal
-Support to draft Letter of Intent (LOI) and conclude Memorandum of Understanding (MOU)

3 Execution of the M&A project
-Form a specialised team to conduct due diligence
-Prepare final agreement
-Carry out agreement negotiation
-Signing of the agreement

4 Closing of M&A deal
-Confirm fulfilment of closing deal conditions
-Visit to financial institutions
-Closing deal procedure

5 Post Merger Integration
-Support post merger integration process

< Closed cross border M&A deals in Malaysia>

We are proud that we have closed many cross border M&A deals between Malaysia and Japan as stated below.

-Acquisition of a recruitment agency in Malaysia by a Japanese company
-Acquisition of an engineering company in Malaysia by a listed Japanese company
-Acquisition of a Malaysian cardboard manufacturer by a listed Japanese company
-Acquisition of a Malaysian staffing agency by a Japanese company
-Acquisition of a Malaysian restaurant by a Japanese company
-Set up a Joint venture of a property development company in Malaysia
-Dissolution of a joint venture between listed Malaysia company and listed Japanese company in Malaysia
-Business alliance between a property development company in Malaysia and a one of a largest Japanese house builders in Japan
-Business alliance between a logistics company in Malaysia and a listed Japanese company
-MOUs signed between Japanese university and 2 Malaysian universities

Coordinate and liaise between clients and local law firms.

The CEO is a qualified Japanese lawyer with extensive work experience at Japanese major law firm, also seconded to a Japanese financial institution in Malaysia and a major law firm in Malaysia.

We work with several law firms in Malaysia where we will coordinate and liaise the communication between clients and local law firms.

The local law firms will be the ones providing the legal services.

Support business restructuring of Malaysia business

When you consider to restructure the business in Malaysia including withdrawal, please remember us. We provide full course of support of restructuring the business ranging from business and market analysis, business forecast, daily/weekly/monthly cashflow, retrenchment, choice of legal scheme to negotiation with stakeholders together with local law firms. We are supporting Japanese companies to retreat from Malaysia.

Examples
- Dissolution of Joint Venture
- Carve out unprofitable business
- Cease operation and liquidation by liquidator
- Cease operation, set up a new firm and asset transfer

Market research and consulting for new business expansion

Provide various consultation services and market research for company considering business expansion in Malaysia

-Market research
-Establishment of a corporation, visa application, acquisition of various licensees
-Search , select, and prepare joint venture contracts for joint venture business
-Arrangement of nominee, preparation of contracts
-Arrangement of company secretary
-Arrangement of Accountant and auditor

Major recent M&A cases by Japanese companies in Malaysia

Date
Industry

Investor/Buyer

Investee/Seller

Structure
Date: Dec-19
Industry: Food & Beverage Distributor

Investor/Buyer: Kato Sangyo Co.

Investee/Seller: Merison (M) Sdn Bhd

Structure: Majority -100%
Date: Dec-19
Industry: Food & Beverage Manufacturing

Investor/Buyer: J-Oil Mills Inc.

Investee/Seller: Premium Fats Sdn Bhd, Premium Vegetable Oils Sdn Bhd

Structure: Minority
Date: Nov-19
Industry: Telecommunications

Investor/Buyer: Sojitz Corporation

Investee/Seller: Edotco Investments Singapore Pte. Ltd.

Structure: Minority
Date: Sep-19
Industry: Healthcare

Investor/Buyer: Mitsui & Co. Ltd.

Investee/Seller: Columbia Hospital Pte. Ltd.

Structure: Divestment
Date: Sep-19
Industry: Industrial Equipments

Investor/Buyer: Kitz Corp.

Investee/Seller: Unimech Berhad

Structure: Minority
Date: Aug-19
Industry: Packaging

Investor/Buyer: Asahi Printing Co.

Investee/Seller: Shin-Nippon Industries Sdn Bhd, Harleigh (Malaysia) Sdn Bhd

Structure: Majority
Date: Jun-19
Industry: Automotive

Investor/Buyer: Hino Motors Ltd

Investee/Seller: Hino Motor Sales (Malaysia) Sdn Bhd, Hino Motors Manufacturing (Malaysia) Sdn Bhd

Structure: Majority + Increase
Date: Jun-19
Industry: Food & Beverage

Investor/Buyer: Zensho Holdings Co. Ltd.

Investee/Seller: The Chicken Rice Shop Restaurants Sdn Bhd

Structure: Majority
Date: May-19
Industry: Advertisement

Investor/Buyer: AOI TYO Holdings

Investee/Seller: K&L ISC (South East Asia) Sdn Bhd

Structure: Majority
Date: May-19
Industry: Telecommunications & Digital Service

Investor/Buyer: Mitsui & Co. Ltd.

Investee/Seller: Axiata Digital Sdn Bhd

Structure: Minority
Date: Apr-19
Industry: Automotive

Investor/Buyer: Kawasaki Heavy Industries

Investee/Seller: Motosikal dan Enjin Nasional Sdn Bhd

Structure: Minority + Increase
Date: Apr-19
Industry: Packaging

Investor/Buyer: Nippon Paper Industries Co. Ltd.

Investee/Seller: TS Plastics Sdn Bhd

Structure: Majority
Date: Apr-19
Industry: Entertainment

Investor/Buyer: Yoshimoto Kogyo

Investee/Seller: Iflix Sdn Bhd

Structure: Minority
Date: Apr-19
Industry: Managed Healthcare

Investor/Buyer: Sumitomo Corp

Investee/Seller: PM Care Sdn Bhd, Health Connect Holdings

Structure: Majority
Date: Mar-19
Industry: Drone

Investor/Buyer: Chiba Drone Fund

Investee/Seller: Aerodyne Group

Structure: Minority
Date: Jan-19
Industry: Telecommunications

Investor/Buyer: Jtower

Investee/Seller: Nil

Structure: Collaboration
Date: Nov-18
Industry: Cosmetics

Investor/Buyer: Mandom (Malaysia) Sdn Bhd

Investee/Seller: ACG International Sdn bhd

Structure: Majority + 100%
Date: Nov-18
Industry: Healthcare

Investor/Buyer: Mitsui & Co. Ltd.

Investee/Seller: IHH Healthcare

Structure: Minority + Increase
Date: Oct-18
Industry: Packaging

Investor/Buyer: Dynapac Co.

Investee/Seller: Grand Fortune Sdn Bhd

Structure: Majority + 100%
Date: Oct-18
Industry: Oil & Gas

Investor/Buyer: Mitsubishi Corp.

Investee/Seller: North Montney Lng Ltd. - Petronase

Structure: Minority
Date: Oct-18
Industry: Automotive Parts Manufacturing

Investor/Buyer: Kasai Kogyo

Investee/Seller: Kasai Teck See Sdn Bhd

Structure: Minority + Increase
Date: Sep-18
Industry: Real Estate

Investor/Buyer: Isetan Singapore

Investee/Seller: Starhill Global Reit

Structure: Majority
Date: Aug-18
Industry: Information Technology Systems

Investor/Buyer: Japan System Techniques Co. Ltd.

Investee/Seller: Virtual Calibre Sdn Bhd

Structure: Majority + 100%
Date: Aug-18
Industry: Cold Chain Logistics

Investor/Buyer: Mitsui O.S.K. Lines Ltd.

Investee/Seller: PKT Logistics Group Sdn Bhd

Structure: Minority + Increase
Date: Jul-18
Industry: Telecommunication & Digital Service

Investor/Buyer: Sumitomo Corp.

Investee/Seller: Axiata Digital Services Sdn Bhd

Structure: Minority
Date: Jul-18
Industry: Entertainment

Investor/Buyer: Koshidaka Malaysia Sdn Bhd

Investee/Seller: Kmax Karaoke

Structure: Majority -100%
Date: Jul-18
Industry: Industrial Equipment

Investor/Buyer: Komatsu Ltd.

Investee/Seller: UMW Corporation Sdn Bhd

Structure: Minority
Date: May-18
Industry: Financial Services

Investor/Buyer: SBI Group

Investee/Seller: Jirnexu

Structure: Minority
Date: May-18
Industry: Coil Centre

Investor/Buyer: Hanwa Co. Ltd.

Investee/Seller: Tatt Giap Steel Centre Sdn Bhd

Structure: Minority
Date: Apr-18
Industry: Fintech

Investor/Buyer: Sumitomo Mitsui Card Company

Investee/Seller: Soft Space Sdn Bhd

Structure: Minority
Date: Apr-18
Industry: Information Technology Systems

Investor/Buyer: SBI Islamic Fund

Investee/Seller: MDT Innovation Sdn Bhd

Structure: Minority
Date: Apr-18
Industry: Oil & Gas

Investor/Buyer: Sumitomo Corp.

Investee/Seller: Yinson Acadia Ltd.

Structure: Minority
Date: Apr-18
Industry: Cold Chain Logistics

Investor/Buyer: Nichirei Corp

Investee/Seller: Cold Chain Network (M) Sdn Bhd

Structure: Minority
Date: Mar-18
Industry: Engineering Firm

Investor/Buyer: Fuji Furukawa E&C Co. Ltd.

Investee/Seller: JMP Engineering & Construction Sdn Bhd

Structure: Majority + 100%
Date: Mar-18
Industry: Advertisement

Investor/Buyer: AOI TYO Holdings

Investee/Seller: DTT Group

Structure: Majority
Date: Mar-18
Industry: Retailer

Investor/Buyer: Harrisons Holdings Berhad

Investee/Seller: Komonoya

Structure: Majority
Date: Feb-18
Industry: Advertisement

Investor/Buyer: Vector Inc.

Investee/Seller: Microad Sdn bhd

Structure: Majority
Date: Jan-18
Industry: Coil Centre

Investor/Buyer: Sumitomo Corp.

Investee/Seller: Sumiputeh Steel Centre Sdn Bhd

Structure: Majority + Increase
Date: Dec-17
Industry: Packaging

Investor/Buyer: Rengo Co. Ltd.

Investee/Seller: Rengo Packaging Malaysia Sdn Bhd

Structure: Minority + Increase
Date: Dec-17
Industry: Real Estate

Investor/Buyer: Daito Trust Construction Co. Ltd.

Investee/Seller: Tada-linked Daisho Asia Development (M) Sdn Bhd

Structure: Majority + 100%
Date: Oct-17
Industry: Food & Beverage Distributor

Investor/Buyer: Kokubu Group Headquarters Co. Ltd.

Investee/Seller: Focal Marketing Sdn Bhd

Structure: Minority
Date: Sep-17
Industry: Manufacturing

Investor/Buyer: Nittoseiko Co. Ltd.

Investee/Seller: Malaysian Precision Manufacturing Sdn Bhd

Structure: Minority + Increase
Date: Sep-17
Industry: Financial Services

Investor/Buyer: Mitsubishi UFJ Financial Group

Investee/Seller: CIMB Group Holdings Berhad

Structure: Disposal
Date: Sep-17
Industry: Steel Manufacturing

Investor/Buyer: Hanwa Kogyo Co. Ltd.

Investee/Seller: Bahru Stainless Sdn Bhd

Structure: Minority
Date: Aug-17
Industry: Food & Beverage Distributor

Investor/Buyer: Kato Sangyo Co.

Investee/Seller: Lein Hing Holdings Sdn Bhd

Structure: Majority + 100%
Date: Jul-17
Industry: Steel Manufacturing

Investor/Buyer: Yodogawa Steel Works Ltd.

Investee/Seller: PCM Steel Processing Sdn Bhd

Structure: Disposal
Date: Jul-17
Industry: Printing

Investor/Buyer: Sanko Sangyo Co. Ltd.

Investee/Seller: Sanko Sangyo Malaysia Sdn Bhd

Structure: Majority + 100% Increase
Date: Jul-17
Industry: Marine Equipment Manufacturing

Investor/Buyer: Nakashima Propeller Co. Ltd.

Investee/Seller: Mentrade Marine Sdn Bhd

Structure: Majority
Date: Jun-17
Industry: Packaging

Investor/Buyer: Oji Holdings Corporation

Investee/Seller: Tele-paper (M) Sdn Bhd

Structure: Majority
Date: Jun-17
Industry: Food & Beverage

Investor/Buyer: Chikaranomoto Holdings Co. Ltd.

Investee/Seller: Ippudo Catering Sdn Bhd

Structure: Disposal
Date: May-17
Industry: Fintech

Investor/Buyer: Transcosmos Inc.

Investee/Seller: Sot Space Sdn Bhd

Structure: Minority
Date: May-17
Industry: E-Commerce

Investor/Buyer: Istyle Inc.

Investee/Seller: Hermo Creative (M) Sdn Bhd

Structure: Minority
Date: Apr-17
Industry: Electronics

Investor/Buyer: Sharp Corporation

Investee/Seller: S&O Electronics (Malaysia) Sdn Bhd

Structure: Minority + Increase
Date: Apr-17
Industry: Auction Services

Investor/Buyer: Shinwa Art Auction Co. Ltd.

Investee/Seller: Shinwa Apec Malaysia Sdn Bhd

Structure: Majority + 100%
Date: Mar-17
Industry: Cold Chain Logistics

Investor/Buyer: Mitsui O.S.K. Lines Ltd.

Investee/Seller: PKT Logistics Group Sdn Bhd

Structure: Minority
Date: Mar-17
Industry: Real Estate

Investor/Buyer: Mitsubishi Jisho Residence Co. Ltd.

Investee/Seller: Pine Properties Sdn Bhd (IOI Properties)

Structure: Joint Venture
Date: Mar-17
Industry: Education

Investor/Buyer: Autobacs Seven Co. Ltd.

Investee/Seller: TOC International Sdn Bhd

Structure: Minority
Date: Jan-17
Industry: Cold Chain Logistics

Investor/Buyer: Yusen Logistics Co. Ltd

Investee/Seller: Gold Cold Transport Sdn Bhd, MILS Cold Chain Logistics Sdn Bhd

Structure: Majority + 100%

Members

Yoshiyuki Kambayashi

Founder and CEO of LIKEARISINGSUN. Engaged in numbers of cross-border M&A deals, corporate restructuring deals and crisis management deals as a legal advisor at a law firm (Bingham McCutchen Murase, Sakai, Mimura Aizawa, currently named Anderson Mori & Tomotsune) in Tokyo. Seconded to Bank of Mitsubishi Tokyo (M) in 2015 as a Special Officer to CEO until June 2017 as well as local law firm in Malaysia. Incorporated LIKEARISINGSUN in 2017 and got independent from Anderson Mori. Served as Committee member and Consultant of JACTIM (The Japanese Chamber of Trade & Industry, Malaysia). University of Tokyo (Bachelor of Law), Chuo University (Juris Doctor), Duke University (LL.M., Master of Law, Graduation Speaker). Before being a lawyer, experienced in working for the Cabinet Office in Japan.

Case Study in Japan

- Engaged in numerous M&A cases as a bankruptcy trustee assigned by the Court and a rehabilitation debtor agent
-   Represented one of the largest Japanese chemical manufacturers in M&A deal in bankrupt company
-   Represented a Japanese semiconductor trading company in cross-border M&A deal by a US company
-   Represented a listed car parts manufacturer in a cross-border antitrust case
-   Represented a top Japanese medical related electronics company for crisis management case
-   Represented one of the largest Japanese trading companies in the litigation of the Gulf of Mexico oil spill case
-   Pro-bono works as official defense counsel, representative of refugee application case and legal aid consultant

Publications and Articles

- Weekly article regarding Covid-19 related issues (NNA, March 2020 - Present)
- Serial biweekly article regarding M&A in Malaysia (NNA, July 2018 - present)
- Serial biweekly article regarding legal topics in Malaysia (NNA, September 2016 - June 2018)
- Cross-border Business Revitalization – Case Studies and the Latest Legal Practice Overseas (Shoji-Houme, Co-author, 2015)
- Essential Points of Japan M&A Practice (Shoji-Houme, Co-author, 2015)
- Casebook of Trust Act for law practitioners (Yuhikaku, Co-author, 2014)
- Casebook of business revitalization for law practitioners (Yuhikaku, Co-author, 2014)
- Labor Practice Guide for Company-Dismissal and Retirement (Shoji-Houme, Co-author, 2014)
- Overview of Recent Chapter 15 Cases (Jigyosaisei to Saiken Kanri, Japanese translation, 2010)

Lectures and Seminars

-   “Labor law related issues in Malaysia” (Bank of Mitsubishi UFJ, June 2016)
-   “New Companies Act in Malaysia“ (Ichika-Kai Association, October 2016)
-   “New Companies Act in Malaysia” (Bank of Mitsubishi UFJ, November 2016)
-   “New Companies Act in Malaysia” (Bangi MD Association, November 2016)
-   “New Companies Act in Malaysia” (JACTIM Perah branch, January 2017)
-   “New Companies Act and M&A in Malaysia” (Nikin-Kai Association at Johor, April 2017)
-   “New Companies Act and M&A in Malaysia” (Bank of Mitsubishi UFJ, May 2017)
-   “Labor law related issues in Malaysia” (JAC Recruitment, May 2017)
-   “Labor law related issues in Malaysia” (Sansui-Kai Association at Penang, July 2017)
-   “M&A in Malaysia” (Ichika-Kai Association, March 2019)
-   “Legal Basics for Startups and Entrepreneurs”（Sunway University workshop, December 2019）
-   “M&A by Japanese companies in SEA” (CLSA Securities Japan Co., Ltd., February 2020)
-   “Legal issues related to management of subsidiary in Malaysia” (JACTIM, March 2020)
- “Business launch support and cross border M&A in Malaysia” (Seminar for legal trainees in Japan, May 2020)
-　 “Newly emerging management risk under New Normal” (Seminar for Berjaya Sompo Insurance, May 2020)
- 　“M&A trend of Japanese companies in Malaysia” (LIKEARISINGSUN, June 2020)
- 　“M&A opportunity under Covid-19” (Aleevar Consulting, June 2020)
- 　“Special considerations for M&A in a pandemic world: the South East Asian perspective”
(Joint Webinar by Dentons Rodyk and LIKEARISINGSUN, July 2020)
Elvyna Cheong

She serves as the CCO. After graduating from Multimedia University with Bachelor of Accounting (Hons), Elvyna worked at Citigroup for over 10 years specializing in anti-money laundering operations and risk management, where it is the Regional Hub that supports the Asia Pacific and Canada countries. She has various backgrounds and experiences, including supporting companies to move their business from Singapore to Malaysia. She joined LIKEARISINGSUN in May 2018 and has been involved in all aspects of M&A from project sourcing, managing due diligence process to closing.

Lectures and Seminars

-　“M&A trend of Japanese companies in Malaysia” (LIKEARISINGSUN, June 2020)
-　“M&A opportunity under Covid-19” (Aleevar Consulting, June 2020)
- 　“Special considerations for M&A in a pandemic world: the South East Asian perspective”
(Joint Webinar by Dentons Rodyk and LIKEARISINGSUN, July 2020)
Chika Nishimoto

Ms Nishimoto has earned Bachelor of business from La Trobe university (Australia). She has working experience in various fields in Australia, Malaysia and Japan such as tourism & hotel industry, restaurant and services industry, business implementation manager in manufacturing industry. She is fluent in Japanese and English as well as Malay (Intermediate level). She joined LIKEARISINGSUN in August 2019 and widely involved in consulting and advisory services. Also acts as GM in manpower supply company.

Lectures and Seminars

-　“M&A trend of Japanese companies in Malaysia” (LIKEARISINGSUN, June 2020)
- 　“Special considerations for M&A in a pandemic world: the South East Asian perspective”
(Joint Webinar by Dentons Rodyk and LIKEARISINGSUN, July 2020)
Junka Nishizawa

After Ritsumeikan University (Faculty of Law) and Kyoto University of the Arts (Clinical arts program), worked for an engineering company (general affairs, internal education section, power plant CAD drawing section), Children's painting class, a general hospital and Children's English Lesson Materials Company as an adviser. Participated in LIKEARISINGSUN in 2019, engaged in incorporation support, visa applications, setup support for expats, documentation and sales support. She decided to migrate to Malaysia with her family because she was impressed with Malaysia's multiculturalism.

Lectures and Seminars

-　“M&A trend of Japanese companies in Malaysia” (LIKEARISINGSUN, June 2020)
Razif Ramzan

Mr. Razif specializes in private equity and corporate finance. He was previously with a private equity firm based in Singapore, where he was involved in research and carrying out investments into late stage tech unicorns. Prior to that, he held the position Chief Executive Officer for an education company in Kuantan, Malaysia. Having started his career at Investment Bank under the corporate finance department, he has executed several M&As, IPO, RTOs and capital raising exercises. He holds a Bachelor of Science in Management from Purdue University, USA.

Lectures and Seminars

-　“M&A trend of Japanese companies in Malaysia” (LIKEARISINGSUN, June 2020)

Company

Company name	LIKEARISINGSUN SDN BHD
Registered No.	1221304-H
Founded	Mar-2017
Capital	RM 350,000
Representative	Yoshiyuki Kambayashi
Representative Profile	University of Tokyo (Bachelor of Law), Chuo University (Juris Doctor), Duke University (LL.M., Master of Law, Graduation Speaker), Attorney at law certified in Japan
Address	Unit 32-01, Level 32, Vertical Corporate Tower B, Avenue 10, The Vertical Bangsar South City, No 8 Jalan Kerinchi 59200 Kuala Lumpur, Malaysia.

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