Junko Fujita

Blackstone to buy drug maker Ayumi in maiden Japan PE deal

The PE firm will reportedly pay around $1 billion for Ayumi, including debt.

Japan’s Daiichi Sankyo mulls sale of OTC drugs unit, hires JPMorgan

Japan’s Daiichi Sankyo Co is exploring the sale of its over-the-counter drugs (OTC) business and has hired JPMorgan to advise on the potential deal, several people with knowledge of the matter told Reuters. Japan’s No.4 drugmaker by revenue has been focused on developing cancer treatments to offset a revenue drop… Read more »

Bain picks managers for Toshiba Memory offering, likely to be Japan’s largest IPO this year

It would also mark a swift exit by Bain – the firm had previously flagged it was looking for an IPO within three years.

Baring PE Asia to invest $904m in Japan’s audio systems maker Pioneer

Baring will own 80.27 per cent of the company after the transaction completes.

HK fund Oasis fails to stop sale of Japan’s Alpine to major shareholder

Alps, which already owns 40 percent in the car navigation systems maker, had made an offer to buy the Alpine shares it does not already own last year.

Carlyle hires Morgan Stanley banker Tomofumi Matsuyama as Japan MD

Matsuyama is expected to cultivate deals related to the divesture of assets by large Japanese firms.

Japan’s $20b state-backed fund seeks to partner with global PE firms

Newly formed Japan Investment Corp has taken over the role of the Innovation Network Corporation of Japan (INCJ), one of the country’s state-backed funds that was set up to accelerate the growth of domestic companies.

KKR-owned Calsonic to buy Fiat Chrysler’s Marelli unit in $7.1b deal

The deal creates a global auto components giant with 15.2 billion euros in revenue.

Airbnb gets respite as Japan’s antitrust watchdog ends inspection of home-sharing platform

Japan Fair Trade Commission (JFTC) opened the probe because Airbnb had forced certain clients not to list properties on a rival website, a move that would undermine competition

US hedge fund Elliott ups stake in Japan’s Alps Electric

Elliott also owns a stake in Alpine Electronics, which is scheduled to hold an extra shareholders meeting by the end of this year to vote for the merger.