KKR to launch tender offer for Hitachi Transport in $5.2b deal

KKR to launch tender offer for Hitachi Transport in $5.2b deal

Photo by jun rong loo on Unsplash

KKR & Co. Inc will launch a tender offer for Hitachi Ltd’s logistics arm, the companies said on Thursday, a $5.2 billion deal that marks the private equity firm’s latest acquisition from the Japanese conglomerate.

Private equity has been targeting Japan, the world’s third-largest economy, where conglomerates have been hiving off non-core assets. Hitachi has been among the most aggressive, shedding lower-growth group companies over the last decade to focus on digital technology and services.

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