December 06, 2010

Invoice To Go Private Via MBO With MBK

Invoice Inc., a listed service provider of consolidating billings, announced that it will accept a tender offer by an investment company set up by MBK Partners. It will launch the tender offer at 1500 yen which is a 37% premium over its 3-month average. Sumitomo Mitsui Bank will offer up to 12.5 billion yen in financing. MBK is an independent private equity firm specializing in the East Asia region.

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