Advantage Partners buys Sanyo’s camera business
Advantage Partners has acquired Sanyo Electric’s digital camera unit. Panasonic, which took control of its former competitor in 2009 in a JPY400 billion ($4.6 billion) acquisition, said it chose to do business with Advantage because of the private equity firm’s strong record of investments in Japan and its expertise in improving corporate value.
All of the shares in Sanyo DI Solutions will transfer to AP26, subsidiary of a fund controlled by Advantage by the end of March 2013. The business unit, which has JPY10 million in capital, develops and...
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