Japan’s Mitsubishi UFJ Financial Group (MUFG) said its banking unit will invest $200 million in Indonesian fintech company Silvrr Technology Co Ltd, known as Akulaku. Backed by China’s Alibaba Group, Akulaku...
Japan’s Mitsubishi UFJ to buy two Asia units of Home Credit for $596 mln
Japan’s Mitsubishi UFJ Financial Group Inc said it would buy the Philippines and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 596 million euros ($621 million). The deal comes...
Japan’s Kirin raises stake in Bira 91 to about 20% for ₹570 crore
Japanese beverages group Kirin Holdings has increased its stake in B9 Beverages, the maker of Bira 91 beer, close to 20% from 10% by investing an additional ₹570 crore in the company, valuing the beer maker at $550-600...
Buffett’s Berkshire boosts stakes in Japan’s five biggest trading houses
Berkshire Hathaway Inc, run by billionaire Warren Buffett, has raised its stakes in each of Japan’s five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday...
Japanese chipmaker Rohm considering joining JIP for Toshiba buyout
Japanese chipmaker Rohm Co Ltd said on Wednesday it was considering joining a consortium led by private equity fund Japan Industrial Partners (JIP) to buy out Toshiba Corp, as JIP works to consolidate its proposal. The...
Bain will buy Japanese apparel maker Mash Holdings for $1.44 bln
Private equity firm Bain Capital will acquire Mash Holdings for about 200 billion yen ($1.44 billion), a spokesperson for the Japanese apparel maker said. The Tokyo-based company will use Bain’s expertise to...
Japan’s Seven & i to sell Sogo & Seibu unit to U.S. fund Fortress
Japan’s Seven & i Holdings Co Ltd said it will sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group. Seven & i, operator of 7-Eleven convenience stores and the Speedway...
Japan Industrial Partners-led group looking to buy Toshiba for $19 bln -Kyodo
The consortium of mostly domestic firms led by Japan Industrial Partners (JIP) is looking to buy Toshiba Corp for 2.8 trillion yen ($19.13 billion), Kyodo reported on Wednesday citing unnamed sources. The group, which...
Nissan to acquire automotive battery firm Vehicle Energy Japan
Japan’s Nissan Motor Co said it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker’s biggest shareholder. Nissan added that after the acquisition of...
Japan’s JERA to buy 35% stake in Vietnam’s renewable energy firm for 15 billion yen
Japan’s biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% stake in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its...
Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei
Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & I Holdings, Nikkei reported on Sunday, citing...
Lenskart acquires Japan’s Owndays in $400 million deal
Lenskart, an omnichannel eyewear retailer backed by Japan’s SoftBank, has picked up a majority stake in Japanese direct-to-consumer eyewear brand Owndays. The strategic partnership through this merger will help build...