Deals
Bain Beats Opposition to Buy Japanese Nursing Home Provider
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Bain Capital LP pulled off its bid for Japanese nursing home provider Nichiigakkan Co., overcoming shareholder opposition and a last-minute offer from a rival private equity company.
The U.S. investment firm’s 1,670 yen a share tender offer values Nichiigakkan at 121.9 billion yen ($1.1 billion). It’s taking an 82.27% stake in the Tokyo-based company, which will be delisted as planned, Nichiigakkan said Tuesday.