| |||||||||||
| |||||||||||
U.S. private equity firm Bain Capital Partners LLC has agreed to buy
Tokyo-listed audio and video equipment maker D&M Holdings Inc. for
¥48 billion ($445 million), the target said Friday.
Bain agreed to buy the 48.5% stake held by Ripplewood Holdings LLC's Brussels-listed fund RHJ International SA. It will then make a tender for the outstanding shares at ¥510 per share, an 8.5% premium to Thursday's closing price of ¥470. D&M, whose brands include Denon and Marantz, had sales in the year ended March of ¥112 billion and Ebitda of ¥9.9 billion. The agreement with Bain follows months of speculation about new investors, about which D&M has kept silent. According to reports in Japan, Bain will receive ¥70 billion in loans from banks including Morgan Stanley, France's Société Générale SA, as well as from Japan's Aozora Bank Ltd., Mizuho Corporate Bank Ltd. and Shinsei Bank Ltd. - Neil Sen See full story on TheDeal.com See press release CategoriesPrivate capital video
Categories
Blog roll
Archives
| |||||||||||
|
|
|
|
|
©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.
