Japan's Polaris Capital to acquire 80% stake in Panasonic's spinoff business

The company logo of Panasonic Corp is seen at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2015 in Makuhari, Japan, October 6, 2015. REUTERS/Yuya Shino - RTS38NE

Japanese buyout firm Polaris Capital announced that it is acquiring an 80-per cent stake in the new company that Panasonic Corporation is setting up as a spin out of its parent’s security systems business.

In a statement, Polaris said it has agreed to a strategic capital alliance with Panasonic and signed a share purchase and shareholders agreement through one of its funds, Polaris Private Equity Fund IV LP. Panasonic will hold the remaining 20 per cent.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter