Bain nears $8bn deal to buy Hitachi Metals - FT中文网
登录×
电子邮件/用户名
密码
记住我
请输入邮箱和密码进行绑定操作:
请输入手机号码,通过短信验证(目前仅支持中国大陆地区的手机号):
请您阅读我们的用户注册协议隐私权保护政策,点击下方按钮即视为您接受。
并购

Bain nears $8bn deal to buy Hitachi Metals

Potential sale is latest sign of rising global private equity interest in Japanese groups
00:00

{"text":[[{"start":13.87,"text":"Bain Capital is closing in on an $8bn deal to acquire Hitachi Metals after a consortium led by the US private equity group was granted exclusive negotiating rights for the Tokyo-listed materials group, according to people with direct knowledge of the discussions. "}],[{"start":31.78,"text":"The expected deal, which has been under discussion since last August, will involve Hitachi selling its approximately 53 per cent stake in Hitachi Metals, which has historically been one of the Japanese conglomerate’s most important subsidiaries. "}],[{"start":47.7,"text":"The sale of its majority shareholding in Hitachi Metals would take the parent company one step closer to clearing its books of stakes in its listed subsidiaries. "},{"start":57.879000000000005,"text":"Investors have identified that goal as a metric of corporate governance progress. "}],[{"start":63.290000000000006,"text":"The sale also comes on the heels of Hitachi’s $9.5bn deal to buy US software engineering group GlobalLogic, which is expected to be the Japanese company’s biggest ever acquisition and will increase its interest-bearing debt to $28bn. "}],[{"start":81.15,"text":"“If the company monetises some of the stakes in its remaining listed subsidiaries, Hitachi Construction Machinery and Hitachi Metals . . . it would have additional liquidity to manage its total debt and leverage,” Motoki Yanase, senior credit officer at rating agency Moody’s, said in a report on Monday. "}],[{"start":100.51,"text":"The Bain-led consortium includes Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS). "},{"start":109.12700000000001,"text":"JIP was set up almost 20 years ago with investments from lender Mizuho and Bain. "},{"start":114.66900000000001,"text":"It has been involved in the acquisition of a range of Japanese industrial gems, including Sony’s Vaio laptop business and the defence equipment subsidiary of NEC. "},{"start":125.149,"text":"JIS is a private equity asset manager set up in 2010 with capital from Japan’s largest megabanks. "}],[{"start":132.44,"text":"Bain’s exclusive negotiating rights for Hitachi Metals come as global private equity firms, including KKR, Carlyle, Blackstone and Apollo are stepping up their presence in Japan, as large conglomerates jettison non-core businesses and property. "}],[{"start":149.6,"text":"In a sign of the surging ambitions of private equity in Japan, Toshiba said on Wednesday that it had received a formal approach from the European fund CVC. "},{"start":160.079,"text":"People familiar with the situation said the mooted $20bn deal could become the largest leveraged buyout in Japanese history. "}],[{"start":168.54999999999998,"text":"Bain has put together a string of deals in recent years. "},{"start":172.529,"text":"The largest was the 2018 acquisition of Toshiba Memory, which it bought for $18bn as part of a consortium that included South Korea’s SK Hynix. "},{"start":183.159,"text":"Last May, Bain also bought Showa Aircraft Industry in a deal that gave the Boston-based fund a 1.25m sq m bank of land outside Tokyo. "}],[{"start":195.35999999999999,"text":"Hitachi said no formal decision on the sale has been made. "},{"start":199.664,"text":"Hitachi Metals declined to comment. "}],[{"start":202.17,"text":""}]],"url":"https://creatives.ftacademy.cn/album/001092081-1617871512.mp3"}

版权声明:本文版权归FT中文网所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

美国大宗商品贸易商ADM全球裁员700人

面对全球贸易战的威胁,美国大宗商品贸易商阿彻丹尼尔斯米德兰大力削减成本。

中国对美国征收关税回击特朗普

在美国对中国进口商品加征额外10%关税后,北京将目标对准能源和谷歌。

Palantir预测马斯克的政府削减成本将为其带来意外之财

首席执行官表示,马斯克的政府效率部门将对数据分析集团“非常利好”。

欧盟推进执行人工智能法案,无视特朗普警告

布鲁塞尔将发布关于禁止使用人工智能的指导方针,尽管美国总统威胁要对大型科技公司的待遇进行报复。

前北约秘书长斯托尔滕贝格将出任挪威财政大臣

在北欧国家为可能的美欧贸易战做好准备之际,斯托尔滕贝格意外重返一线政治。

中国出口商将加大离岸外包力度以应对特朗普关税

美国总统的贸易攻势促使生产商寻找其他市场,而北京则在考虑报复方案。
设置字号×
最小
较小
默认
较大
最大
分享×