EQT launches $2.7bn take private bid for Fujitec |Asian Markets
EQT’s BPEA Private Equity Fund IX mentioned that intends to make a $2.7 billion tender offer to privatise Fujitec, a main Japanese producer of elevators and escalators.
This marks the most important sponsor-led take-private deal in Japan year-to-date and EQT’s largest buyout in Japan since establishing its Tokyo workplace in 2006. If profitable it should additionally proceed a quantity of latest massive offers in Japan together with EQT’s recnet $1.1 billion exit of Japan’s Pioneer Corporation to Taiwan’s CarUX as M&A exercise rebounds within the area.
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