Carlyle buys Japan advertising business
The Carlyle Group has completed its acquisition of Japanese advertising content provider AOI TYO Holdings follow a tender offer that valued the Tokyo-listed company at JPY21.4 billion ($191 million).
Working in conjunction with Yasuhito Nakae and Hiroaki Uekubo, AOI TYO’s CEO and COO, respectively, the private equity firm submitted an offer of JPY900 per share on May 14. This represented a 52.8%...
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