Infocom operates digital comic site Mecha Comic, which is among Japan’s largest, according to its website.
Global investor interest in Japanese companies has surged in recent years as the weak yen, strong public markets and corporate governance changes make mergers and acquisitions (M&A) attractive.
M&A in Japan reached a record $35.5 billion in 2023, LSEG data shows. The Infocom deal marks the largest private equity transaction in Japan this year, Blackstone said in a statement. Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Infocom’s share price has more than doubled since news of the potential buyout was first reported last month, closing at 6,030 yen on Tuesday from below 3,000 yen in early May.
Teijin, a conglomerate with chemical, healthcare and internet businesses, said it will book a 105 billion yen profit on a consolidated basis from the sale of Infocom in the current financial year ending in March 2025.
Source: Reuters
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The full article is available here. This article was published at Private Equity Insights.
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