Japan’s Tsuruha Draws Interest from Bain, Blackstone, KKR, Sources Say
- Several buyout firms are mulling bids for the pharmacy chain
- Tsuruha is the second largest drug store chain in Japan
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Private equity firms including Bain Capital and Blackstone Inc. are considering bids for Japanese pharmacy chain Tsuruha Holdings Inc., according to people familiar with the matter.
KKR & Co. is also among those that have expressed interest for the Tokyo-listed company, which has a market value of about $4.1 billion, the people said. Deliberations are ongoing and the buyout firms could still decide against proceeding with offers, the people said.