Mizuho Capital Partners Exit Remaining Shares In Vantec

Hitachi Transport System Co., Ltd., a listed logistics unit of Hitachi Group, announced that Hitachi Transport make a tender offer for Vantec Group Holding co., Ltd., a PE-backed international distribution firm,. Mizuho Capital Partners, a 39% equityholder in Vantec, agreed to accept the offer. The TOB price is set at 233,500 yen, a 92.93% premium over a 3-month average. Mizuho Capital Partners, a Tokyo-based private equity firm, invested in 2003 and Vantec went public in 2007.