Marunouchi Capital to Acquire 15% of Tomy

Tomy Co. a major toy maker announced that Marunouchi Capital Co., an investment firm established by Mitsubishi Corp and Mitsubishi UFJ Securities Co., Ltd., will purchase 15% of the company for a total of 8.42 billion yen ($ 89 million).

Marunouchi Capital will acquire 10% from TPG, which currently holds 14% of the company, and 5% from Tomy itself to become the largest shareholder, while TPG will purchase 5.6 billion yen ($ 59 million) of a convertible bond issued by Tomy. The toy maker expects to expand its overseas business capitalizing on Mitsubishi's global network.

Marunocuhi Capital launched its first fund in May 2008 with a commitment from Mitsubishi Corp, The Bank of Tokyo-Mitsubishi UFJ Ltd and Mitsubishi UFJ Securities Co.. With a total commitment of 100 billion yen ($1.05 billion), Marunouchi Capital Fund 1 is one of the largest among Japanese funds.