Mitsubishi UFJ Lease & Finance announced that it has established MUL Principal Investment Co. as its 100% subsidiary. MULPI will make direct investments in MBOs, turnarounds, successions and other buyout opportunities focusing on Japan's middle market. Typical investment sizes will be between JPY 3-5 billion (USD 30-50 million) and the initial investment budget is reportedly JPY 30 billion (USD 300 million).
In the past, Mitsubishi UFJ Lease invested in international and domestic private equity funds as a limited partner. While it has also provided LBO loans to domestic buyout deals, the establishment of MULPI is a distinct new step in the leasing company's private equity history.
March 30, 2009
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