Bain buys half of Japanese TV shopping channel for $1.3b
Bain Capital will buy a 50% stake in Jupiter Shop Channel (JSC), a television shopping company, from Japan-based Sumitomo Corporation. Industry sources noted that the deal is worth JPY100 billion ($1.3 billion), which might be Japan's largest private equity transaction of the year.
Established in 1996, JSC is a subsidiary of Sumitomo Corporation. It is currently the largest TV shopping company in Japan with a market share of 30%. "By integrating Bain Capital's knowledge and worldwide...
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