Japanese PE Longreach Group to acquire Fujitsu unit

A logo of Fujitsu is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS/Toru Hanai/File Photo

Japan and North Asia-focused private equity firm Longreach Group is launching a tender offer to acquire a majority stake in Fujitsu Component (FCL) at a valuation of JPY13.7 billion ($123.6 million).

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