{"id":273564,"date":"2022-09-12T18:30:27","date_gmt":"2022-09-12T13:00:27","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=273564"},"modified":"2022-09-12T18:30:27","modified_gmt":"2022-09-12T13:00:27","slug":"khaitan-co-advises-olympus-corporation-in-relation-to-sale-of-olympus-corporation-wholly-owned-subsidiary-evident-co-ltd-to-bain-capital-private-equity-lp","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/09\/12\/khaitan-co-advises-olympus-corporation-in-relation-to-sale-of-olympus-corporation-wholly-owned-subsidiary-evident-co-ltd-to-bain-capital-private-equity-lp\/","title":{"rendered":"Khaitan & Co advises Olympus Corporation in relation to sale of Olympus Corporation wholly owned subsidiary EVIDENT Co., Ltd. to Bain Capital Private Equity, LP."},"content":{"rendered":"
\n

   <\/p>\n

DEAL DETAILS<\/span><\/p>\n\n\n<\/colgroup>\n\n\n
\n

Olympus Corporation | Divestment of Science Solutions Business in India<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

NO<\/span><\/p>\n<\/td>\n

\n

HEADINGS<\/span><\/p>\n<\/td>\n

\n

DETAILS<\/span><\/p>\n<\/td>\n<\/tr>\n

\n1.<\/td>\n\n

Sector<\/p>\n<\/td>\n

\n

Medical Equipment<\/p>\n<\/td>\n<\/tr>\n

\n2. <\/td>\n\n

Announcement Date<\/p>\n<\/td>\n

\n

29-Aug-2022<\/p>\n<\/td>\n<\/tr>\n

\n3. <\/td>\n\n

Completion Date<\/p>\n<\/td>\n

\n  <\/td>\n<\/tr>\n
\n4. <\/td>\n\n

Name of Client<\/p>\n<\/td>\n

\n

Olympus Corporation<\/p>\n<\/td>\n<\/tr>\n

\n5. <\/td>\n\n

Transferor Details<\/p>\n<\/td>\n

\n

Olympus Medical Systems India Private Limited | India<\/p>\n<\/td>\n<\/tr>\n

\n6. <\/td>\n\n

Transferee Details<\/p>\n<\/td>\n

\n

Evident Scientific Private Limited | India<\/p>\n<\/td>\n<\/tr>\n

\n7. <\/td>\n\n

Deal Description<\/p>\n<\/td>\n

\n

Advised Olympus Corporation in relation to sale of Olympus Corporation (“Olympus”) wholly owned subsidiary EVIDENT Co., Ltd. (“Evident”) to Bain Capital Private Equity, LP (“Bain Capital”) for ¥ 427.6 billion (USD 3.1 billion). As per the definitive agreement, shares of Evident will be transferred to Bain Capital on 4 January 2023, subject to regulatory approvals and closing conditions (“Transaction”). Evident conducts scientific solutions business in the fields of life science and industrial applications which involves development, manufacturing, sales and provision of solutions for biological microscopes, industrial microscopes, industrial videoscopes and fiberscopes, non-destructive testing equipment, and X-ray analyzers. The scientific solutions business of Olympus was transferred to Evident in April 2022.<\/p>\n<\/td>\n<\/tr>\n

\n8. <\/td>\n\n

Total Consideration<\/p>\n<\/td>\n

\n

JPY 427.6 billion (USD 3.1 billion)<\/p>\n<\/td>\n<\/tr>\n

\n9. <\/td>\n\n

Team Members<\/p>\n<\/td>\n

\n

The India leg of the transaction was led by Zakir Merchant (Partner) with the core team involving Divakar Gupta (Senior Associate), Gaurav K Sharma (Associate) with assistance from the following:
<\/span><\/p>\n

Employment Law aspects: Anshul Prakash (Partner) and Abhisek Choudhury (Senior Associate)<\/p>\n


Intellectual Property aspects: Nishad Nadkarni (Partner) and Reshma Gupte (Principal Associate)<\/span><\/p>\n


Tax aspects: Vinita Krishnan (Director) and Sneh Shah (Principal Associate)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n10. <\/td>\n\n

Role of Firm<\/p>\n<\/td>\n

\n

Khaitan & Co assisted Olympus Corporation<\/p>\n<\/td>\n<\/tr>\n

\n11. <\/td>\n\n

Other legal advisors if any with names of Lead Lawyers<\/p>\n<\/td>\n

\n

TMI Associates, Japan<\/p>\n<\/td>\n<\/tr>\n

\n12. <\/td>\n\n

Press Coverage<\/p>\n<\/td>\n

\n

https:\/\/www.olympus-ims.com\/en\/press-release\/olympus-to-transfer-evident\/ https:\/\/www.gadgetsnow.com\/tech-news\/japans-olympus-to-sell-microscope-unit-to-bain-for-3-billion\/articleshow\/93856181.cms<\/span><\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    DEAL DETAILS Olympus Corporation | Divestment of Science Solutions Business in India NO HEADINGS DETAILS 1. Sector Medical Equipment 2. <\/p>\n","protected":false},"author":8808,"featured_media":273565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[51624,51625],"class_list":["post-273564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-olympus-corporation","tag-science-solutions"],"yoast_head":"\nKhaitan & Co advises Olympus Corporation in relation to sale of Olympus Corporation wholly owned subsidiary EVIDENT Co., Ltd. to Bain Capital Private Equity, LP. | SCC Times<\/title>\n<meta name=\"description\" content=\"Olympus Corporation | Divestment of Science Solutions Business in India\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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In an attempt to improvise the constitutional setup of Delhi Municipal Corporation, provisions of Delhi Municipal Corporation Act, 1957(Act) have been amended which will come into force on date(s) yet to be announced by Central Government from\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-162.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-162.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-162.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-162.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-162.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":222579,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/27\/cci-approves-acquisition-of-4-94-shareholding-in-suzuki-motor-corporation-by-toyota-motor-corporation\/","url_meta":{"origin":273564,"position":1},"title":"CCI approves acquisition of 4.94% shareholding in Suzuki Motor Corporation by Toyota Motor Corporation","author":"Bhumika Indulia","date":"November 27, 2019","format":false,"excerpt":"The Competition Commission of India (CCI) approves the acquisition of 4.94% shareholding in Suzuki Motor Corporation (SMC) by Toyota Motor Corporation (TMC) and the acquisition of 0.24% shareholding in TMC by SMC. The proposed combination relates to the acquisition of a minority shareholding of 4.94% in SMC by TMC, and\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/11\/Acquisition.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":255114,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/04\/deposit-insurance-and-credit-guarantee-corporation-general-amendment-regulations-2021\/","url_meta":{"origin":273564,"position":2},"title":"Deposit Insurance and Credit Guarantee Corporation General (Amendment) Regulations, 2021","author":"Bhumika Indulia","date":"October 4, 2021","format":false,"excerpt":"The Board of Deposit Insurance and Credit Guarantee Corporation, with the previous approval of the Reserve Bank of India notified Deposit Insurance and Credit Guarantee Corporation General (Amendment) Regulations, 2021 to modify\u00a0 Deposit Insurance and Credit\u00a0 Guarantee Corporation General Regulations, 1961. \u00a0 Inserted New Regulation 21A in Principal Regulations relating\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":251735,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/26\/corporation-to-pay-dividend-in-proportion-to-the-amount-paid-up-on-each-share-notified-under-lic-general-regulations-2021\/","url_meta":{"origin":273564,"position":3},"title":"Corporation to pay dividend in proportion to the amount paid-up on each share notified under LIC General Regulations, 2021","author":"Prachi Bhardwaj","date":"July 26, 2021","format":false,"excerpt":"The Life Insurance Corporation of India has notified with effect from July 22, 2021, the Life Insurance Corporation General Regulations, 2021. \u00a0 The significant provisions of the regulations include: The Corporation may issue securities either in physical form or in dematerialised form in accordance with the provisions of the Depositories\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":230135,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/05\/28\/bom-hc-risk-taken-by-kamgaars-in-carrying-out-covid-19-related-duties-for-nmmc-cannot-be-differentiated-on-their-employment-being-directly-with-corpn-or-through-contractors-nmmc-to-pay-certified-k\/","url_meta":{"origin":273564,"position":4},"title":"Bom HC | Risk taken by Kamgaars in carrying out COVID-19 related duties for NMMC cannot be differentiated on their employment being directly with Corpn. or through contractors; NMMC to pay certified Kamgaars special allowance","author":"Bhumika Indulia","date":"May 28, 2020","format":false,"excerpt":"Bombay High Court:\u00a0S.J. Kathawalla, J., while addressing a petition with regard to the non-payment of daily allowance to Kamgaars involved in COVID-19 duties, held that in the present pandemic situation, when the Kamgaars who are admittedly fulfilling their responsibilities by carrying out COVID-19 related duties by risking their lives, it\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":211220,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/02\/life-insurance-corporation-of-india-recruitment-of-apprentice-development-officers-amendment-regulations-2019\/","url_meta":{"origin":273564,"position":5},"title":"Life Insurance Corporation of India (Recruitment of Apprentice Development Officers) (Amendment) Regulations, 2019","author":"Bhumika Indulia","date":"March 2, 2019","format":false,"excerpt":"F.No.S-11011\/17\/2017-Ins.I \u2014In exercise of the powers conferred by Section 49 of the Life Insurance Corporation Act, 1956 (31 of 1956) and with the previous approval of the Central Government, the Life Insurance Corporation of India hereby makes the following regulations further to amend the Life Insurance Corporation of India (Recruitment\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/03\/1200px-LIC_Logo.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/273564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=273564"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/273564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/273565"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=273564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=273564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=273564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}