Announced
Completed
Financials
Sources
Tags
geospatial information
Asset Managers and Custodians
Private Equity
Mbo
Renewable Energy Equipment
renewable energy development
Cross Border
Friendly
holding company
Japan
Private
Software
Majority
Single Bidder
Acquisition
Completed
Synopsis
City Index Eleventh completed the acquisition of stakes in Japan Asia, a Tokyo-based holding company, Kokusai Kogyo, a transportation company, and JAG International, a renewable energy company, for $604m. City Index Eleventh began building a stake in JAG while Carlyle Group teamed up with JAG chairman and CEO Tetsuo Yamashita in a proposed management buyout in November. Carlyle withdrew in February after City Index Eleventh offered a higher bid to buy the rest of the shares. Murakami is one of Japan’s few, well-known activist shareholders. His typical strategy includes building up a stake in a company in the middle of a takeover and demanding that management boost its sale price.
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