The shares are listed on the Tokyo Stock Exchange

Davis Polk advised the international joint lead managers and joint bookrunners in connection with the initial public offering of 89,128,000 shares of common stock and Tokyo Stock Exchange listing of Rigaku Holdings Corporation.

The shares were sold by Atom Investment, L.P., a Carlyle fund, and Hikaru Shimura as the selling shareholders. The global offering consisted of a public offering in Japan and an international offering outside Japan pursuant to Rule 144A and Regulation S. The Japanese underwriters have an over-allotment option with respect to 13,369,200 shares. Assuming full exercise of the over-allotment option, the aggregate proceeds of the global offering will be approximately ¥129.1 billion (approximately $851 million).

Rigaku Holdings is a global manufacturer of analytical instruments focused on X-ray analysis, measurement and testing instruments.

The Davis Polk corporate team included partners Jon Gray and Christopher Kodama, counsel Chihiro Sasaki and associates Paul Lee and Ayano Kitano. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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