
PE bids for Japan consumer lender: reports
According to reports in local Japanese press, a short list of bidders for Japanese consumer lender Takefuji Corp include: TPG Capital; nonbank financial firm in Kyoto, Japan, J Trust Co.; a major South Korean consumer credit company; and Tokyo-based buyout firm Advantage Partners, which owns Tokyo Star Bank and A&P Financial.
Takefuji filed bankruptcy protection, saddled with $5.33 billion worth of debt as of September last year. Industry sources estimated the deal may be in the $715-955 million range when the news of...
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