Japan’s Aspirant Group, Daiwa PI Partners buy UACJ unit for $223m

Photographer: Tomohiro Ohsumi/Bloomberg

Japan-based private equity firm Aspirant Group along with Daiwa PI Partners are acquiring 100% stake of UACJ Copper Tube Corporation – a copper tubing subsidiary of UACJ Corporation –  for JPY 24 billion ($223 million), according to a stock exchange filing.

The stake acquisition will be executed through a share transfer on 30 September 2019 by Toyokawa Holdings. UACJ Copper Tube will start operating its business under its new shareholder on 1 October 2019.

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