Nippon Mirai buys Asahi Tec Environmental Solutions from parent
Nippon Mirai Capital, the Japanese SME-focused private equity firm, will acquire 100% of Asahi Tec Environmental Solutions Company (ATES) from its parent Asahi Tec Corporation, a major manufacturer of iron casting products, for an undisclosed amount via an MBO.
Although Asahi Tec's board has approved the divestment, it will still need approval from the company's bank lenders. After the share transfer, expected to be completed mid-November, the current management...
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