Suntory, Kirin and Asahi anchor Skylark $987m IPO

Private equity firm Bain Capital will divest nearly a third of its stake in the Japanese restaurant chain operator, which it acquired for $2.1 billion in 2011.

Suntory, Kirin and Asahi anchor Skylark $987m IPO

Roadshows for Skylark’s planned 102.4 billion $987 million Tokyo initial public offering began on Monday, with the Japanese restaurant chain operator identifying three breweries as anchor investors.

Suntory Beer Spirits, Kirin Holdings and Asahi Breweries are pledging 4.9 billion, 4 billion and 4.1 billion, respectively, in Skylark at the IPO price, a banker close to the deal told FinanceAsia. All three are subject to six-month lockups.

Private equity firm Bain...

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