Mizuho Capital Partners Unloaded Stake In Japan Pure Chemical

An investment fund operated by Mizuho Capital Partners Co. completed the sale of all its Japan Pure Chemical Co. shares through Wednesday, according to Nikkei. The fund, FBF2000, obtained an 81% stake in Japan Pure Chemical in 1999 through a MBO. By way of IPO in 2002, it gradually reduced its interest in the company to 5.4% as of this March's end. FBF2000 is believed to have sold its remaining stake to a US pension asset management firm. In all, the Mizuho Capital Partners' fund is believed to have amassed around 8 billion yen from share sales off an original investment of 1.45 billion yen.