Baring Asia mulls challenging for Japan's Nichii Gakkan
Baring Private Equity Asia is poised to formally enter the bidding for Tokyo-listed aged care provider Nichii Gakkan, having approached certain shareholders regarding a JPY146 billion ($1.38 billion) deal.
The firm said it had sent letters to certain members of the founding family, offering to evaluate the possibility of a “friendly” management buyout as well as a tender offer at JPY2,000 per share....
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