Edition:
United States

Junko Fujita

SoftBank's Fortress emerges as white knight for hotel chain Unizo with $1.3 billion bid

Aug 16 2019

TOKYO Japanese hotel chain Unizo Holdings said it received a friendly buyout offer worth up to $1.3 billion from a SoftBank Group investment firm, a deal that will help it fend off a rare hostile takeover bid from travel agency H.I.S. Co.

Anbang's Japan properties up for sale, Blackstone seen bidding: sources

Aug 14 2019

TOKYO China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said.

JC Flowers to sell $700 million worth of shares in Shinsei Bank

Aug 08 2019

TOKYO Private equity investor JC Flowers & Co will cut its stake in Japan's Shinsei Bank to less than 4%, according to a filing by the lender, selling shares worth around $700 million nearly two decades after one of Japan's first buyout deals.

Bain Capital in talks on new Japan buyout fund -source

Jul 18 2019

TOKYO Global private-equity firm Bain Capital LLC is in early talks with investors to set up a new fund targeting mid-sized Japanese companies, a person with knowledge of the matter said.

Bain Capital in early stages of talks to raise Japan fund -source

Jul 18 2019

TOKYO, July 18 Global private-equity firm Bain Capital LLC is in early talks with investors about raising a new fund targeting mid-sized Japanese companies, a person with knowledge of the matter said.

Hitachi starts sale of $5.6 billion chemical unit, first bids due by Aug. 9: sources

Jul 11 2019

TOKYO Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms.

Japan overhauls buyout guidelines to protect minority shareholders

Jun 28 2019

TOKYO Japan's trade ministry has overhauled guidelines for mergers and acquisitions to better protect minority shareholders in the case of management buyouts, a reform that comes amid a renewed focus on shareholder rights.

Former CEO of Japan's Lixil returns after governance tussle

Jun 25 2019

TOKYO The former chief executive of Japanese toilet maker Lixil Group was reinstated on Tuesday after shareholders backed him at an annual general meeting (AGM), likely marking a high-profile victory for corporate governance in Japan.

UPDATE 4-Former CEO of Japan's Lixil returns after governance tussle

Jun 25 2019

* Focus should now be on profitability - Jefferies (Recasts, adds CEO quotes)

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.