April 27, 2010

Advantage Partners To Fully Exit From Daiei

Advantage Partners (AP) has sold all its remaining stake in Daiei (TSE 8263) to Deutsche Securities according to Daiei's press release. AP originally invested in Daiei in 2005 with co-investor Marubeni to sponsor a restructuring of the ailing retailer. AP partially exited in 2007 but has been holding a 11.7% stake to date.

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