Nirav N. Mehta^*

Capital Markets

Mr. Mehta’s representations as a G.J.B. have included:

• Honda Motor in its $3 billion senior notes offering in 2025 and $513.4 million equity offering in 2024
• Industrial & Infrastructure Fund in its $324 million global equity offering in 2024
• Integral Corporation in its $140.1 million global IPO in 2023
• Japan Post Bank Co., Ltd. in its $4.0 billion follow-on global equity offering in 2025
• Nippon Steel Corporation in its ¥600.0 billion zero coupon convertible bonds offering in 2026
  The 2026 issuance was the largest ever convertible bond issuance by a Japanese company, and, following the issuance, Nippon Steel was named “Equity Issuer of the Year” by LSEG DealWatch.
• Nomura Holdings in its $750 million Tier 2 Capital and TLAC securities offering, $1 billion AT1 securities offering and $1.25 billion TLAC notes offering in 2025 and $2.0 billion SEC-registered offering of senior notes in July 2024
• Rakuten Group, Inc. in its $550 million undated subordinated notes offering, ¥50.0 billion senior notes private placement, $2.0 billion senior notes offering and $1.8 billion senior notes offering in 2024 and tender offers to purchase up to $1 billion aggregate principal amount of certain of its outstanding securities in 2024
• The initial purchasers in SoftBank Corp.’s $1 billion offering of senior notes in 2025
• SoftBank Corp. as major shareholder in the Nasdaq listing and $1 billion IPO of PayPay Corporation in 2026 and as issuer in its ¥120 billion issuance of Series 1 Bond-Type Class Shares in 2023
  The Nasdaq listing and IPO of PayPay was named “Innovative Equity Deal of the Year” by LSEG DealWatch.
• SoftBank Group in Arm Holdings’ $5.2 billion IPO in 2023
• Takeda Pharmaceutical in its $2.4 billion global guaranteed notes offering, issued by its financing subsidiary, in 2025, $3.0 billion SEC-registered offering of senior notes and Shire Acquisition Investments Ireland Designated Activity Company and Baxalta Incorporated in their concurrent tender offers to purchase up to $1.5 billion aggregate principal amount of certain of their outstanding securities in 2024
• Toshiba as selling shareholder in Kioxia Holdings’ $783.0 million global IPO in 2024
  Named “Equity Market Deal of the Year” by the Asian Legal Business.

Mr. Mehta has been part of the S&C team involved in the following issuer-side matters:

• Honda Motor Co., Ltd. in its $2.75 billion SEC-registered offering of green bonds in 2022
• Japan Post Bank Co., Ltd. in its $9.2 billion follow-on global equity offering in 2023

• Japan Post Holdings Co., Ltd. in its $7.4 billion follow-on global equity offering in 2021
• Japan Post Insurance in its $2.9 billion global equity offering in 2019
• Nippon Prologis REIT, Inc. in its $298.4 million global offering of investment units in 2020
• Nippon Steel Corporation in its ¥300 billion offering of zero-coupon convertible bonds in 2021
• Nomura Holdings, Inc. in its $1.5 billion SEC-registered offering of senior notes in July 2023, $1.9 billion SEC-registered offering of senior notes in January 2023, $1.9 billion SEC-registered offering of senior notes in July 2022, $2.5 billion SEC-registered offering of senior notes in January 2022, $3.25 billion SEC-registered offering of senior notes in July 2021, $2.5 billion SEC-registered offering of senior notes in July 2020 and in its $3.0 billion offering of senior notes in January 2020
• Rakuten Bank, Ltd. in its $666.7 million global IPO in 2023
• Rakuten Group, Inc. in its $1.9 billion global equity offering in 2023, $450 million “tap” offering of senior notes in January 2023 and in its $500 million offering of senior notes in November 2022
• SoftBank Corp. in its $11.8 billion global equity offering in 2020 and $23.55 billion global IPO in 2018
  The SoftBank Corp. IPO was the largest IPO in Japan of all time and the second largest IPO ever globally at the time. Named “Technology, Media and Telecommunications Deal of the Year” and “Equity Deal of the Year” by the Asian Legal Business.
• Takeda Pharmaceutical Company Limited in its €3.6 billion offering of senior notes and $7 billion offering of senior notes in 2020, in an Exxon Capital exchange offer in respect of $4.5 billion of senior notes in 2019 (the first ever by a Japanese issuer), in its listing on the New York Stock Exchange in 2018 and in its €7.5 billion offering of senior notes and $5.5 billion offering of senior notes in 2018 in connection with its acquisition of Shire plc
  The 2018 dollar-denominated notes offering was the largest dollar-denominated bond offering by a Japanese issuer in history and the 2018 euro-denominated notes offering was the largest debut euro-denominated unsecured bond offering in history. The offerings were named “Debt Market Deal of the Year” by the Asian Legal Business.

Mr. Mehta has been part of the S&C team involved in the following underwriter-side matters:

• The international managers in a $212.5 million global offering of investment units by Activia Properties Inc. in 2021
• The international managers in a $534 million global offering of investment units by GLP J-REIT, a Japanese Real Estate Investment Trust, in December 2020 and in a $199 million global offering of investment units in June 2020
• The initial purchasers in Mitsui Fudosan Co., Ltd.’s $300 million offering of senior notes in 2022
• The international managers in a $303.7 million global offering of investment units by Nomura Real Estate Master Fund, Inc., a Japanese Real Estate Investment Trust, in 2019
• The initial purchasers in Rakuten Group, Inc.’s €1 billion offering of subordinated notes and $1.75 billion offering of subordinated notes in 2021 and $800 million offering of senior notes pursuant to Regulation S in 2019
• The international managers in Recruit Holdings Co., Ltd.’s $3.3 billion global equity offering in 2019
• The international managers in Skylark Holdings Co., Ltd.’s $369.2 million global equity offering in 2021
• The international managers in SUMCO Corporation’s $1.1 billion global equity offering in 2021
• The international managers in WingArc1st’s $154.8 million initial public offering in 2021

Prior to joining the Firm, Mr. Mehta was involved in the following transactions:

• Mizuho Financial Group, Inc. and its subsidiaries in various offerings of senior and subordinated notes totaling $18.5 billion from 2012 through 2017
• The underwriters in a series of SEC-registered offerings of senior notes by Mitsubishi UFJ Financial Group, Inc., totaling $13.5 billion from 2016 to 2017
• Kyushu Railway Company in its $3.9 billion initial public offering in 2016
• Sony Corp. in its $3.0 billion equity offering in 2015
• Skylark Co., Ltd. in its $700 million equity offering in 2015 and $610 million initial public offering in 2014
• Kobe Steel, Ltd. in its $990 million equity offering in 2014
• Mitsubishi Motors Corporation in its $2.3 billion equity offering in 2014
• The international managers in the $12 billion initial public offering of Japan Airlines Co., Ltd. in 2012
• The underwriters in the $750 million SEC-registered offering of senior notes by Nippon Telegraph & Telephone Corp. in 2012