Özel sermaye şirketleri, Hitachi'nin kimya birimine teklif verecek

Konuya yakın kaynaklara göre Bain Capital, Carlyle Group ve
KKR Co.'nun aralarında bulunduğu global özel sermaye şirketleri
Japon Holding grubu Hitachi Ltd'nin kimya birimine teklifveren
firmalar arasında bulunuyor.

  Hitachi'nin kimya biriminin çoğunluk hissesini satmayı planladığı
ve sürecin en erken bu ay başlayabileceği belirtiliyor.

 Konuyla ilgili adı geçen özel hisse firmalarının ise yorum
yapmayı reddettiği bildirildi.





UPDATE 1-Global private equity firms to bid for Hitachi's chemical unit - sources - Reuters News

17-May-2019 09:24:23HITACHI CHEM-M&A/ (UPDATE 1)

 (Updates with Hitachi's Friday stock move)
    By Kane Wu, Arno Schuetze and Junko Fujita
    HONGKONG/FRANKFURT/TOKYO, May 17 (Reuters) - Global private
equity firms Bain Capital, Carlyle Group and KKR & Co
are among potential bidders for Japanese conglomerate
Hitachi Ltd's <6501.t> chemical unit, three people familiar with
the situation told Reuters.
    Hitachi plans to sell its majority stake in Hitachi Chemical
<4217.t> and the process could start as early as this month,
Reuters has reported. [nL3N2271GA]
    The conglomerate shortlisted a select group of financial
sponsors and strategic suitors for the bidding process after
initial conversations with interested parties earlier this year,
two of the people said, declining to be identified as the
information is confidential.
    The three private equity firms declined to comment.
    Hitachi owns 51.2 percent in its chemical unit, which is
worth about $2.9 billion based on Hitachi Chemical's $5.7
billion market value at Friday's close.
    Hitachi Chemical's share price, which closed at 3,025 yen
apiece on Friday, has almost doubled since the beginning of this
year, bouncing back from 2018 when it was hit by a series of
scandals. [nL3N1XD2MA][nL3N1X908B]
    Hitachi and Hitachi Chemical declined to comment.
    Global private equity investors has been increasingly
interested in Japan since Bain led a consortium in an $18
billion deal in 2016 for Toshiba Corp's memory chip unit, as
many large companies in the country are expected to consider a
series of spin-offs amid a government drive to improve corporate
governance and boost shareholder returns.
    Japan inbound deal value - at $6.7 billion as of Thursday -
grew over seven times from the same period last year, according
to Refinitiv data. Private equity-backed deals have amounted to
$1.58 billion, up 76% year-on-year, despite a big drop in total
number of deals, the data showed.
    Hitachi last year agreed to buy a majority stake in ABB's
power grid unit. It said last month it would acquire
U.S. firm JR Automation Technologies, which makes logistic
systems using industrial robots, for $1.4 billion.
    Its divestitures include semiconductor equipment maker
Hitachi Kokusai Electric Inc and the power tool unit Hitachi
Koki, both of which were sold to KKR.