PRINT THIS PAGE US Newbridge Capital to buy stake in Japanese Takefuji31/08/2004. Source: AltAssets. 
 US Newbridge Capital is to buy a one-third stake in Japanese consumer finance firm Takefuji Corporation from its family owners. The deal understood to be valued at somewhere between $3.4bn and $3.65bn.
Regardless of the final transaction price, this deal will undoubtedly represent the largest acquisition of a stake in a Japanese company by a private equity firm, dwarfing the $2.3bn spent by a consortium led by US Ripplewood Holdings for Japan Telecom.
The stake sale is part of efforts by the Takefuji's family owners to restore the company's image after founder Yasuo Takei was arrested on suspicion he ordered the tapping of the phone of a reporter who had written articles critical of the firm. Under Japanese law, if a shareholder who effectively owns over 25 per cent of a company is sentenced to prison, the company's lending business licence is revoked.
Newbridge Capital is an investment firm with over $1.5bn capital under management, dedicated to making direct investments in emerging markets.
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