August 15, 2011

Unified Partners To Exit Investment In Home Builder

Yamada Denki Co. Ltd., a leading volume home appliance retailer, announced that Yamada will launch a tender offer for SXL Co. Ktd., a PE-backed custom home builder. The TOB price is set at 65 yen, the same as its 3 month average. Yamada plans to keep SXL listed on the exchange. Unified Partners, one of the investment units of Nomura Securities Group, made an investment in 2005 and decided to tender their shares in this offer.

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