Bain-led consortium closes tender for Japan's Hitachi Metals
A Bain Capital-led consortium has completed its tender offer for Hitachi Metals – at a valuation of JPY 816.8bn (USD 5.6bn) – 18 months after first submitting a bid for the Japan-based industrial components manufacturer.
Bain and its partners, including Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS), will move forward with delisting and changing the company’s name to Proterial. They described the...
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