Leading international law firm Herbert Smith Freehills has advised Japan's Mitsui & Co., Ltd. on its US$140 million investment in healthcare group Columbia Asia's latest funding round.
Mitsui first invested in Columbia Asia in July 2016. This latest investment doubles the Mitsui's stake in one of Asia's largest healthcare providers to a total interest of 26.09%. Herbert Smith Freehills advised on both transactions.
"There is strong demand for quality healthcare in Asia, and investment interest in this sector is equally strong," said partner Graeme Preston, who led the team advising Mitsui. "Since its initial investment, Mitsui has been working closely with Columbia's management on strategy. This latest stake will contribute to planned expansion across the region."
Graeme was assisted by senior associate James Hearne and associate Emma Stones.