Higashiyama Film To Go Private With CITIC Japan

Higashiyama Film Co., a Nagoya-based special film maker, announced that Higashiyama Film accepted a tender offer from an investment vehicle set up by CITIC Capital Partners Japan., a Japan-focused private equity firm of CITIC Capital Group. The TOB price is set at 970 yen, a 29.2% premium over its 3-month average. The investment vehicle made a tender offer last May and became the largest shareholder (63.12%). Higashiyama Film will be delisted upon the successful conclusion of the deal.