Bain plans up to $400 mln stake sale in Japan's Skylark-IFR

SKYLARK HOLDINGS

15/06/2017 09:28

HONG KONG, June 15 (Reuters) - Bain Capital plans to sell up 
to $400 million worth of shares in Japanese restaurant chain 
operator Skylark Co Ltd  3197.T , IFR reported on Thursday, 
citing a term sheet of the transaction. 
    The private equity firm is offering 25.5 million shares of 
Skylark in the base offer in an indicative range of 1,629-1,663  
yen per share, added IFR, a Thomson Reuters publication. The 
price is equivalent to a discount of up to 5.25 percent to 
Thursday's closing price of 1,719 yen per share. 
    The deal could grow by another 1.96 million shares if 
underwriters exercise an upsize option to meet demand for the 
deal.  
    Bain didn't immediately reply to a Reuters request for 
comment on the sale. 
    Bank of America Merrill Lynch, Morgan Stanley and Nomura 
were hired as joint bookrunners for the stake sale, the terms 
showed. 
 
 (Reporting by Fiona Lau of IFR; Writing by Elzio Barreto; 
Editing by Amrutha Gayathri) 
 ((elzio.barreto@thomsonreuters.com;)(852)(2843-1608; Reuters 
Messaging: elzio.barreto.thomsonreuters.com@reuters.net)) 
 
Keywords: BAINCAPITAL SKYLARK CO LTD/