Japan Industrial Partners buys Kyowa Hakko Kirin chemical unit
Japan Industrial Partners, a Tokyo-based private equity firm specializing in business restructuring, has reached a basic agreement to acquire 100% of Kyowa Hakko Chemical, wholly owned by parent Kyowa Hakko Kirin Co., a major fermented chemicals manufacturer.
The deal size was not announced, but sources estimated that it would likely be in the range of JPY50-60 billion ($603-720 million). JPMorgan acted as financial advisor to the seller. Kyowa Hakko Chemical...
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