Japan's Benesse to go private in $1.4 bln MBO with Sweden's EQT (updated)

Benesse Holdings

10/11/2023 07:13

(Recasts with company announcement)
       TOKYO, Nov 10 (Reuters) - Japanese education company
Benesse Holdings  9783.T  said on Friday it will go private in a
208 billion yen ($1.37 billion) management buyout that will have
Swedish investment fund EQT AB  EQTAB.ST  as a partner.
    Benesse said that an EQT-affiliated group is launching a
tender offer at 2,600 yen per share to get the company delisted
from the Tokyo Stock Exchange in an effort to restructure its
education and care businesses.

($1 = 151.3800 yen)

 (Reporting by Mariko Katsumura; Editing by Muralikumar
Anantharaman and Christopher Cushing)
 ((Mariko.Katsumura@thomsonreuters.com;))