A consortium of equity investors including APG Groep N.V., Clal Insurance Company Limited, investors from within Munich Re Group, and other US institutional investors completed the acquisition of Astoria Project Partners LLC from Mitsui & Co., Ltd. and others.
June 17, 2020
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A consortium of equity investors including APG Groep N.V., Clal Insurance Company Limited, investors from within Munich Re Group, and other US institutional investors entered into an agreement to acquire Astoria Project Partners LLC from Mitsui & Co., Ltd. (TSE:8031) and others on January 17, 2020. The transaction is subject to obtaining relevant regulatory approvals upon which the transaction will become effective. The transaction is expected to close in the first half of 2020. Roth Kehoe, Stephen Humes, Brian Hanafin, Mark Kalpin, Chris Buch, Doug Youngman, Robert Lorndale, Marc Druckman, Rachel Fink and Jennifer Froehlich of Holland & Knight LLP and Sidley Austin LLP acted as legal advisors to Clal Insurance Company Limited, APG Groep N.V. and investors from within Munich Re Group. Morgan Stanley acted as financial advisor to Astoria Project Partners LLC. Michael Muller, Jonathan Morris, and Christina Melendi of Morgan, Lewis & Bockius LLP acted as legal advisors to Astoria Project Partners LLC. John Franchini and Max Goodman of Milbank LLP acted as legal advisor to Mitsui & Co.
A consortium of equity investors including APG Groep N.V., Clal Insurance Company Limited, investors from within Munich Re Group, and other US institutional investors completed the acquisition of Astoria Project Partners LLC from Mitsui & Co., Ltd. (TSE:8031) and others on June 18, 2020.
Mitsui & Co., Ltd. is a diversified group organized around 7 sectors of activity:
- distribution of chemical products (24.3% of net sales);
- distribution of foods, consumer products and pharmaceuticals (23%). The group is also engaged in real estate asset management;
- production and sale of gas and oil products (22.1%);
- production of minerals and non ferrous metals (16.2%);
- manufacturing of industrial engines equipments (7.3%);
- distribution of iron and steel products (5.2%);
- other (1.9%): primarily sale of IT and communication products, financing and logistics services.
A consortium of equity investors including APG Groep N.V., Clal Insurance Company Limited, investors from within Munich Re Group, and other US institutional investors completed the acquisition of Astoria Project Partners LLC from Mitsui & Co., Ltd. and others.
MITSUI & CO., LTD. 
