April 11, 2011

PE-backed Yumeshin To Tender Offer For Fullcast Tech.

Yumeshin Holding Co., a construction-based outsourcing service provider, announced that Yumeshin make a tender offer for Fullcast Technology, a listed light labor staffing agency. The Fullcast Group, a parent company of Fullcast Technology( a 68.6% equity holder), approved the tender offer. The TOB price is set at 35,320 yen, a 28.8% premium over 3 month average. DRC Capital, a Japanese mid-focused private equity firm, invested in Yumeshin in 2007.

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