Economic TimesLean R·
Warburg Pincus to buy Japan's J.S.B. for $1bn
TOKYO/HONG KONG: U.S. private equity firm Warburg Pincus is set to launch a tender offer to acquire Japanese student housing provider J.S.B. for over $1 billion, a person with knowledge of the matter said on Friday. The Nikkei first reported about the takeover on Friday, saying the deal would be worth 200 billion yen ($1.25 billion). Warburg Pincus has secured tender agreements with J.S.B.'s largest shareholders for the offer, which could be announced as soon as late Friday, said the perso…
Read at Economic Times →
