Carlyle set for another partial exit from Japan's Chimney
The Carlyle Group is set to reap up to JPY14.3 billion ($145 million) through another partial exit from Japanese casual restaurant chain Chimney Corp, after agreeing to subscribe to a tender offer by liquor retailer Yamaya Corp. to acquire a 48.66% stake.
According to a regulatory filing, the PE firm will sell 9.5 million shares with the top of book price is set at JPY1,510 a share - representing a 51.6% premium on the three-month average price and a 53.6% premium...
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