Mizuho Capital Partners To Exit Remaining Shares In SDS Bio. To Idemitsu

Idemitsu Kosan Co. Ltd., Japan's second largest oil distributor, announced it made a tender offer for SDS Biotech K.K. , a PE-backed agrichemical company. Mizuho Capital Partners, a Tokyo-based midsized buyout firm, is a 53.39% equity holder in SDS Bio. and approved the offer. The TOB price is 960 yen, a 92.38% premium over its 3-month average. SDS Bio. went public in 2008. Idemitsu plans to beef up its agrichemical business through this acquisition.