We advised Nihon Kotsu Group on the Special Situations M&A transaction

Our Deal Advisory team is delighted to announce its role in supporting the Nihon Kotsu Group Kansai 's successful acquisition of five taxi companies through the provision of Special Situations M&A advisory services.

Since Nihon Kotsu Co., Ltd., Tokyo's largest Limousine taxi company, established Tokyo・Nihon Kotsu Co., Ltd. as a subsidiary in March 2014, the Nihon Kotsu Group Kansai has been providing high-quality taxi services in the Keihanshin area, centred on Osaka Prefecture.

On April 24, 2024, the Nihon Kotsu Group Kansai acquired the business licenses and took over the operations of five companies (335 taxis) of the Kansai Chuo Group which filed a petition for commencement of civil rehabilitation proceedings on March 11, 2024.

Forvis Mazars, with extensive experience in Special Situations M&A, acted as the exclusive buy-side financial advisor and supported the accelerated M&A process over a short period of approximately one and a half months, assisting in negotiations with the sell-side debtor’s attorney and supporting the execution towards satisfying the conditions precedent (such as obtaining business licenses).

Nihon Kotsu Group Kansai was advised on this acquisition by Tatsuo Omagari from Forvis Mazars (M&A Advisory).