MBK takes over Japanese jewellery brand Tasaki

The financial sponsor pays $65 million to buy control of Tasaki Shinju with the intent of restructuring the company.

Private equity firm MBK Partners will invest Ñ7 billion $65 million to become the controlling shareholder in Japanese jewellery brand Tasaki Shinju.

MBK will buy 35,000,000 new convertible preferred shares of Tokyo-headquartered Tasaki, subject to approval by the company's shareholders at an extraordinary general meeting scheduled in September. It did not provide further details of the new shares being issued. Taking a simplistic assumption that each preferred share converts into one common share, MBK will ultimately own 48% of Tasaki's...

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.

Click for more on: mbk | tasaki shinju

Print Edition

FinanceAsia Print Edition