Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Bain Capital plans to buy Japan Wind Development

Bain Capital LLC, a U.S. private equity firm, is planning to acquire Japan Wind Development Co Ltd through a tender offer in a deal worth $81 million. Bain plans to offer 580 yen per share in Japan Wind Development, Japan’s third largest wind power company and listed on the second section of the Tokyo Stock Exchange.

Bain’s offer is a 25% premium over the company’s closing share price on Friday. Bain plans to purchase all shares through a jointly established company between Japan Wind Development President Masayuki Tsukawaki and Bain Capital. The Tokyo Stock Exchange temporarily halted trading in Japan Wind Development shares.