Advantage Partners poised for Rex Holdings exit
Advantage Partners is preparing to exit a 66% holding in Japanese restaurant operator Rex Holdings to Colowide. Local media said the transaction, worth JPY13.7 billion ($175 million), would close as early as October.
Advantage completed a management buyout of Rex in late 2006, paying JPY45.72 billion (then $396 million). The private equity firm and Tomoyoshi Nishiyama, Rex's president, together owned more than 91%...
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