Pan Pacific International to acquire a 19.4% stake in Kanemi from FamilyMart for $36m.

Synopsis

Pan Pacific International, a Japanese general-merchandise discounter and off-price retailer, agreed to acquire a 19.4% stake in Kanemi, a manufacturer and seller of boxed meals, sushi, rice balls and prepared food, from FamilyMart, a Japanese convenience store franchise chain, for $36m.

Principals

target

Kanemi Co

bidder

Pan Pacific International Holdings

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Market Context

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Seller Team (1)

akiyoshi sonobe

President and CEO at KANEMI CO LTD

Manager

target

Deal

£ 30 M

Total Value

Bidder Team (1)

takao yasuda

CEO and Chairman at PAN PACIFIC INTERNATIONAL HOLDINGS

Manager

bidder

Deal

£ 30 M

Total Value

Vendor Team (1)

takashi sawada

President and CEO at FAMILYMART CO LTD

Manager

vendor

Deals

£ 4.25 B

Total Value

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