Morgan Stanley's private equity arm in Asia will today launch a tender offer to take control of and potentially delist Japanese lingerie retailer Ten Arrows.
Tomorrow has acquired two companies - Southern Eagle and Otto - which collectively own 27.8% of Ten Arrows. The two companies, which are currently owned by members of the Hayashi family who founded Ten Arrows, will then make a tender offer for the remaining 72.2% of the company valued at 11.33 billion $105.4 million, or 800 per share.
Tomorrow is a company owned by an investment fund advised by Morgan Stanley Private Equity Asia MSPEA.
...
¬ Haymarket Media Limited. All rights reserved.
