T Capital exits Japan confectionery business
Japanese middle market private equity firm T Capital Partners has agreed to sell its majority stake in Confex Holdings, a wholesale confectionery products business, to Yamae Group Holdings for JPY 16.1bn (USD 107m).
Yamae, a listed conglomerate primarily active in food wholesale, said in a filing that it would acquire a 66% interest from T Capital. It already holds an interest in the company through Y&I Holdings,...
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