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2 weeks ago | 
bloomberg.com | Ryo Horiuchi |Takako Taniguchi
Yebisu Garden Place(Bloomberg) -- Bain Capital, KKR & Co. and Lone Star are among investment firms that have advanced to the second round of bidding for the real estate unit of Sapporo Holdings Ltd., according to people familiar with the matter. Bidding will end in August and the sale price is expected to exceed ¥400 billion ($2.8 billion), said the people, who asked not to be identified discussing non-public information. The aim is to reach an agreement by the end of this year, they said.
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2 weeks ago | 
bloomberg.com | Takako Taniguchi
A hot steel slab moves along a conveyor of a plate mill at the Nippon Steel Corp. Kashima plant in Ibaraki Prefecture, Japan. (Bloomberg) -- Singapore-based 3D Investment Partners has urged other shareholders in Nippon Steel Corp. to vote against reappointing its president and vice chairman, both of whom have championed a drawn-out US takeover that threatens “irreversible” value destruction.
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1 month ago | 
bloomberg.com | Takako Taniguchi |Hideki Suzuki
(Bloomberg) -- Japanese chemical manufacturer Taiyo Holdings Co. has received acquisition proposals from two companies including US investment firm KKR & Co., according to people familiar with the matter. Taiyo has received various proposals including forming capital and business alliances and going private, the Tokyo-based company said in a statement following the Bloomberg report. It has established a special committee to consider its options, though nothing has been decided, it said.
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2 months ago | 
bloomberg.com | Manuel Baigorri |Lisa Du |Takako Taniguchi |Yasutaka Tamura
Logisteed was named Hitachi Transport System Ltd. before KKR completed its acquisition in early 2023. (Bloomberg) -- KKR & Co. has picked Morgan Stanley to help work on a potential initial public offering of Japanese logistics operator Logisteed Ltd. in Tokyo, according to people familiar with the matter.
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Mar 2, 2025 | 
bloomberg.com | Lisa Du |Takako Taniguchi
Blackstone Inc. is buying a company that helps drugmakers run clinical trials in Japan, adding to growing interest from private equity firms in the health needs of the nation’s aging population. The world’s largest alternative asset manager said it agreed to purchase 60% of Tokyo-based CMIC Co., a contract research organization, in a deal that values the company in the hundreds of millions of dollars.
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Feb 20, 2025 | 
ca.finance.yahoo.com | Hideki Suzuki |Takako Taniguchi |Lisa Du
(Bloomberg) -- KKR & Co. has secured enough shares of Fuji Soft Inc. in a tender offer to take the company private, formally ending a months-long bidding war against Bain Capital. • Sorry, Kids: Disney’s New York Headquarters Is for Grown-UpsCompletion of the two-stage offer will give KKR a 57.92% stake in the Japanese software company, the New York-based firm said in a statement on Thursday.
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Feb 19, 2025 | 
bloomberg.com | Hideki Suzuki |Takako Taniguchi |Lisa Du
KKR & Co. has secured enough shares of Fuji Soft Inc. in a tender offer to take the company private, according to people familiar with the matter, formally ending a months-long bidding war against Bain Capital. KKR is set to release the results later Thursday, the people said, asking not to be identified ahead of the announcement. That would give the New York-based firm control of the Japanese software company after it raised its offer to ¥9,850 per share earlier this month.
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Feb 18, 2025 | 
bloomberg.com | Takako Taniguchi
3D Investment Partners has criticized Sapporo Holdings Ltd. over its execution of overseas acquisitions, expressing concerns about the risk that the Japanese brewer may continue to “misallocate capital” leading to further “destruction of corporate value.”The Singapore-based investment fund censured the management over “impairment losses on all of its overseas alcoholic beverage acquisitions” and questioned the responsibility of the board of directors, in a letter seen by Bloomberg.
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Feb 18, 2025 | 
bloomberg.com | Takako Taniguchi
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Oct 28, 2024 | 
bloomberg.com | Takako Taniguchi
Brookfield Wealth Solutions, has entered the reinsurance business in Japan and has hired Tomohide Yokooka, formerly of Barclays Plc, as managing director and country head, according to people familiar with the matter. Brookfield Wealth, which was spun out from North American asset management company Brookfield Corporation., provides capital-based solutions to insurance and re-insurance companies and has over $110 billion in insurance assets globally.
