Bain Capital bids $1bn for Japanese telemarketer Bellsystem24
International private equity firm Bain Capital has placed a bid of more than $1bn for Bellsystem24, a Japanese telemarketing company, which it hopes to acquire by the weekend, according to the Wall Street Journal.
Bain reportedly won exclusive bidding rights to Bellsystem24, beating off competition from rivals Permira, Blackstone and KKR.
The secondary buy-out from Citigroup’s private equity arm, Nikko Principal Investments Japan, was initially expected to fetch as much as $2bn.
In related news, TPG is believed to be interested in joining American Airlines in making a minority investment in troubled Japan Airlines, which is buckling under a $15bn debt load.
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Private Equity News» By News Type» Deal News
Private Equity News» By PE Sector» Buy-out
Private Equity News» By Region» Asia» Japan
Private Equity News» By News Type» Deal News
Private Equity News» By PE Sector» Buy-out
Private Equity News» By Region» Asia» Japan
