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.
