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News Sep 30, 2015

Shearman & Sterling Advises Mizuho Bank, Ltd. in Investment in Matthews International Capital Management, LLC

Shearman & Sterling is advising Mizuho Bank, Ltd., a wholly-owned subsidiary of Mizuho Financial Group, Inc., on its acquisition of an approximately 16% ownership interest in Matthews International Capital Management, LLC (“Matthews Asia”) from existing equity holders and on its business alliance with Matthews Asia. The terms of the transaction were not disclosed.

The Mizuho Financial Group is one of the largest financial institutions in the world, offering a broad range of services including banking, trust and securities, and other business related to financial services through its group companies. The group has approximately 55,000 staff working in approximately 900 offices inside and outside Japan, and total assets of over US$1.6 trillion (as of March 2015).

Matthews Asia is an independent, privately owned firm and the largest dedicated Asia investment specialist in the United States. With US$26.2 billion in assets under management as of August 31, 2015, the firm employs a bottom-up, fundamental investment philosophy, with a focus on long-term investment performance.

The Shearman & Sterling team included partners Kenneth Lebrun (Tokyo-Mergers & Acquisitions), Reena Agrawal Sahni (New York-Financial Institutions Advisory & Financial Regulatory), Larry Crouch (Menlo Park-Tax), Nathan Greene (New York-Investment Funds), and John Cannon (New York-Compensation, Governance & ERISA); of counsel Brad Sabel (New York-Financial Institutions Advisory & Financial Regulatory); counsel Tim Byrne (New York-Financial Institutions Advisory & Financial Regulatory) and Eileen O’Pray (Menlo Park-Tax); and associates Gordon Palmquist (New York-Mergers & Acquisitions), Sylvia Favretto (New York-Financial Institutions Advisory & Financial Regulatory), Christina Broch (New York-Financial Institutions Advisory & Financial Regulatory), Will Forster (New York-Investment Funds), Nathaniel Rowe (Tokyo-Corporate) and Chiharu Yuki (Tokyo-Mergers & Acquisitions).