Wise paints the town with Teibow
Tokyo-based private equity firm Wise Partners has won the takeover contest for Teibow Co., a leading Japanese maker of felt pen nibs, from Goldman Sachs, in a deal estimated at around JPY12 billion ($141 million). The Development Bank of Japan (DBJ) was understood to have funded part of the acquisition capital.
The sale by the US investment bank attracted several private equity firms, including local players Advantage Partners and Polaris Principal Finance and Mizuho Group's private equity arm. Following the...
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