Bain Seeks $1 Billion for Japanese Hot Spring Operator, Sources Say
- U.S. investor revives sale of Ooedo Onsen Monogatari: sources
- Boston-based firm had planned to sell the asset in 2019
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Bain Capital has revived a plan to sell Ooedo Onsen Monogatari, an operator of about 38 hot spring inns and resorts across Japan, according to people with knowledge of the matter.
The U.S. investor is seeking to raise at least $1 billion from the sale, said the people, asking not to be identified as the information is private. Boston-based Bain bought the Japanese company in 2015 for about 50 billion yen ($449 million), the Nikkei newspaper reported at the time.