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。

地图解析:美国轰炸机锁定伊朗三大核设施

这些轰炸袭击了德黑兰数十年来建立的研究设施和离心机阵列。

美国袭击伊朗后油价预计将飙升

涨幅的程度可能取决于德黑兰是否会以袭击霍尔木兹海峡的石油基础设施或航运作为报复手段。

美国轰炸伊朗核基地

轰炸机袭击福尔多、纳坦兹和伊斯法罕后,特朗普要求德黑兰寻求和平,否则将面临更多袭击。

关税压力会体现在美联储首选的通胀指标中吗?

欧元区经济如何应对贸易不确定性?英国的相关活动还在增长吗?

仅靠AI无法解决生产力难题

经济奇迹源于发现,而非加快重复任务的速度。

美国的钻地弹真的摧毁了伊朗的核山吗?

美国声称已“完全彻底摧毁”德黑兰的福尔多核设施,但尚未提供证据。
设置字号×
最小
较小
默认
较大
最大
分享×