Unison buys Asahi Tec from RHJ International
Unison Capital will purchase Asahi Tec, which supplies iron castings to the auto industry, from Belgian private equity firm RHJ International and Tokio Marine & Nichido. The Japanese PE investor has agreed to pay JPY23.9 billion ($310 million) and assume Asahi Tec’s debt.
The equity portion of the transaction will see Unison initially buy preferred shares from majority owner RHJ and Tokio Marine and then pay JPY27 per share for the companies' common stock in Asahi Tec,...
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