Bain pays $445 million for D&M in Japan

Bain wins the auction for Tokyo-listed audio equipment manufacturer D&M Holdings at a price of $445 million, giving the seller RHJ International a healthy return on its investment.

Private equity firm Bain Capital has entered a $445 million deal to buy Japan's DM Holdings, maker of Denon audio equipment, from RHJ International and other shareholders.

Bain was the winner in an auction for RHJ InternationalÆs 49% stake in DM Holdings at a price of Ñ510 $4.75 per share, or a total of Ñ23.1 billion. The price represents a premium of 8.5% over the companyÆs closing price on June 19, 37%...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition