Japan Industrial Partners buys Olympus’ mobile telecom unit
Japan Industrial Partners (JIP), a Tokyo-based private equity firm specializing in business restructuring, has bought the mobile-phone retailing business run by Olympus Corp’s ITX unit for JPY53 billion ($676 million).
The deal, which will be completed on September 28, is designed to maximize value for Olympus shareholders by aligning the business with JIP's expertise and capital. Olympus was attracted to the private...
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