Wise Partners To Buy Pen Tip Maker From Goldman

Private-equity fund Wise Partners plans to acquire Teibow, the world 's No. 1 manufacturer of pen tips, as early as this week for around 12 billion yen, according to Nikkei. The fund will acquire the shares from Goldman Sachs, subsequently transferring a portion to the state-backed Development Bank of Japan. Wise Partners and the DBJ will jointly oversee Teibow's operations and target earnings growth, eventually guiding the firm to a public offering.