J Trust Makes Bid for Bankrupt Index Corp. in Takeover Push

J Trust Co., the Japanese financial services firm 5 percent owned by Goldman Sachs Group Inc., aims to use cash raised through a record rights offering to fund takeover bids, including bankrupt game maker Index Corp.

J Trust made a preliminary offer for the software developer, which specializes in mobile gaming and applications, as part of a client-boosting strategy, Chief Executive Officer Nobuyoshi Fujisawa, 43, said in an interview. Tokyo-based J Trust can spend as much as 130 billion yen ($1.3 billion) in cash on buyouts without seeking external financing, he said.