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。

美英贸易谈判的关键是什么?

特朗普提出了一项可能帮助英国避免关税的协议,而斯塔默则更为谨慎,提出了“一项以先进技术为核心的新经济协议”。

欧洲的乌克兰救援任务:留住特朗普

欧洲主要大国齐聚伦敦峰会,希望从摇摇欲坠的战后秩序中挽救一些东西。

欧洲央行降息的速度会有多快?

市场普遍预期欧洲央行将在本周政策会议上降息,投资者将集中精力寻找其今年晚些时候可能采取的行动的线索。

特朗普的命令对美国海上风电产业造成致命打击

甚至在特朗普再次当选给整个行业带来寒意之前,开发海上风电的经济效益前景已经很不乐观。

深度求索启发全球AI公司用“蒸馏”来创建更便宜的模型

深度求索利用这种技术,在Meta等竞争对手的技术基础上创建了更小、更强大的模型。

您上周需要做的一件事

要知道,马斯克并不是第一个要求员工列出工作中最重要的五件事的老板,他只是最糟糕的老板而已。
设置字号×
最小
较小
默认
较大
最大
分享×