Bain Capital Partners LLC, the private investment firm with more than $70 billion in assets, offered to buy all shares in Macromill Inc. (3730), a Japanese online market-research company, for 51.4 billion yen ($501 million).
Bain proposed to buy as many as 65.4 million shares of Tokyo-based Macromill for 786 yen per share, the Japanese company said in a statement through the Tokyo Stock Exchange. Macromill, in which Yahoo Japan Corp. is the biggest shareholder with 22 percent according to data compiled by Bloomberg, will be delisted after the completion of the tender offer, it said in the statement.
The offer price represents a premium of 19 percent over Macromill’s closing price of 663 yen today, according to data compiled by Bloomberg. The stock closed 1.6 percent lower.
Bain, based in Boston, established its Tokyo base in 2006 and has invested in Japanese companies, including restaurant operator Skylark Co. and Domino’s Pizza Japan Inc., with a team of about 30 professionals in the nation, according to the statement.
Macromill’s board supports the offer and will recommend it to shareholders, according to the statement.
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