Bain Capital to sell its 15 pct stake in Skylark

SKYLARK HOLDINGS

21/11/2017 09:56

TOKYO, Nov 21 (Reuters) - Skylark Co  3197.T  on Tuesday 
said Bain Capital would sell its 15-percent stake in the 
Japanese restaurant chain in the market, ending a six-year 
relationship between the firms. 
    The U.S. private equity firm bought Skylark in 2011 from a 
fund run by Nomura Holdings Inc  8604.T  in one of the largest 
buyouts in Japan. Bain sold part of its stake in Skylark's IPO 
in 2014 and has been gradually reducing its holdings.  
    The move comes as Skylark has moved to a stage where it can 
seek growth strategy on its own, it said in a statement.  
 
 (Reporting by Junko Fujita; Editing by Himani Sarkar) 
 ((813-6441-1840, junko.fujita@thomsonreuters.com, Reuters 
Messaging:junko.fujita.reuters.com@reuters.net;)) 
 
Keywords: SKYLARK BAIN/