Morrison Foerster, Davis Polk & Wardwell, Nishimura & Asahi, Nagashima Ohno & Tsunematsu and TMI Associates are advising on the $15.2 billion takeover of Toshiba Corp by a consortium led by private equity firm Japan Industrial Partners (JIP). 

Toshiba accepted the billion-dollar buyout offer from the JIP-led consortium on March 23, paving the way for the struggling publicly-listed electronics manufacturer to go private while remaining a fully Japanese-owned entity.