A consortium including Hikari Tsushin, MBK Partners and NEC Capital Solutions is reportedly making an acquisition proposal for Leopalace21 Corporation, with a maximum value of ¥267.6 billion. The tender offer will be conducted through a special purpose company and is expected to run through the end of October.
An acquisition proposal has emerged for Japanese real estate company Leopalace21 Corporation. The tender offer will be conducted by a Hikari Tsushin-led consortium through a special purpose company, and is expected to run through the end of October.
The proposal is valued at up to ¥267.6 billion (approximately US$1.7 billion), with Hikari Tsushin holding a 34% equity stake, and MBK Partners and NEC Capital Solutions each holding 33%.
Nagashima Ohno & Tsunematsu and Mori Hamada & Matsumoto advised on the acquisition and matters relating to the Financial Instruments and Exchange Act.