Fortress Investment and Odyssey Capital Group are spending billions to tap into the appeal of traditional inns amid a tourism boom.
SoftBank hired Nomura to advise on the transaction, which will make the mobile operator the largest shareholder in Yahoo Japan.
IPOs & Markets
The sale will be Japan’s biggest-ever local corporate bond issuance.
The firm has been looking for people to expand its investment business. The group will be separate from SoftBank’s $100 billion Vision Fund, though
The investment firm will target hotels, onsen spas, office buildings, data centers and condominiums throughout the country.
The Japanese company runs 27 oyster bars throughout Japan, harvesting wild shellfish and cultivating its own oysters.
North Asian buyout firm MBK Partners and Marunouchi Capital were also shortlisted to proceed to the next round of bidding.
The hiring is the latest move by Masayoshi Son to transform SoftBank into a technology-focused investor with initiatives such as the near-$100 billion
The shares of SoftBank Group Corp.’s Japanese telecom business fell at the start of trading after Masayoshi Son raised more than $20 billion in an i
Foreign investors sought more than three times as many shares than were for sale, while Japanese institutional demand reflected a bid-to-cover ratio o
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