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。

Lex专栏:贸易阻滞让集装箱航运业获喘息之机

海上运输受阻以及陆路运输瓶颈,正将运价推高至远超行业盈亏平衡线的水平。

温水煮青蛙式的美国债务危机

不断上升的赤字和偿债成本似乎已不再具有让财政恢复审慎的力量。

巴西昔日石棉小镇期待稀土带来新活力

位于巴西腹地深处的小镇米纳苏,成为美国在稀土领域摆脱中国主导地位计划的关键部分。

Z世代用TikTok拯救父母的时装店

Z世代用TikTok等社交媒体为父母经营的时装店吸引年轻顾客,帮助其走出困境。

加拿大企业担心特朗普关税引发“下行压力漩涡”

美加贸易战再起,与美国有业务往来的加拿大企业承受痛苦,面临不确定性。

FT社评:美财政部干预债券市场只是权宜之计

贝森特在日元和长期债券方面的举措,只能暂时缓解问题,无法解决政策可信度不足和债务过高的问题。
设置字号×
最小
较小
默认
较大
最大
分享×