Is this Rosen’s firm? Weil Gotshal & MangesJapan's Olympus Scam Numerous US parties are involved in the scandal.When Olympus acquired British medical instruments company Gyrus Group in 2008 for $1.92 billion, two firms that allegedly advised Olympus on the deal were American firm Axes America, and Axam Investments, which was registered in the Cayman Islands. Both firms were paid $687 million for the deal, or about 30% of the overall acquisition price, when bankers usually only get around 1% for M&A deals. The FBI is now investigating the matter to find out what really happened to the $687 million. Both firms were owned by ex-Wall Street banker Hajime Sagawa, who’s since dissolved them, writes the Wall Street Journal.
Besides Axam Investments and Axes America, law firm Weil Gotshal & Manges and M&A firm Perella Weinberg Partners were also involved in advising Olympus on its 2008 purchase of Gyrus Group. Perella Weinberg, founded by former Morgan Stanley executive Joseph Perella and Goldman Sachs alum Peter Weinberg, was paid less than $8 million, while Weil Gotshal & Manges’ compensation has not been disclosed.
