NTT Docomo To Tender Offer For Home Delivery Servicer

Radish Boya Co., Ltd., an organic vegetable home delivery service provider, announced that it approved a tender offer by NTT Docomo Inc. the biggest mobile carrier in Japan. The TOB price is set at 990 yen, a 36.6% premium over its 3-month average. Radish's top shareholder is a buyout fund managed by JAFCO Co.Ltd., a listed private equity firm, who agreed to accept the offer. Upon the successful outcome of this deal, NTT Docomo plans to provide at most a 20% share of Radish to Lawson, a leading convenience store operator, for further business development among the 3 parties.

AP To Acquire Housing Renovator Via Tender Offer

Yasuragi Co., Ltd., a Nagoya Exchange-listed housing renovation and sales company, announced that it approved a tender offer from an investment vehicle by Advantage Partners, a major private equity firm. The TOB price is set at 627 yen, a 82.80% premium over its 3-month average. The deal size is capped at 12.9 billion yen. Yasuragi will be delisted upon a successful outcome of the deal.

Nursing Home Operater To Acquire Nursing Care Provider

Japan Care Service Group Co., a listed nursing care provider, announced that it approved a tender offer by Message Co., Ltd., a listed nursing home operator. The TOB price is set at 345 yen, a 50% premium over a 3-month average. The deal size is about 2.849 billion yen at most.

Parker Hannafin To Tender Offer For TAIYO

TAIYO, Ltd., a listed hydraulic/pneumatic equipment maker, announced that TAIYO approved a tender offer by its largest shareholder (56.49%) Parker-Hannifin Corporation. The TOB price is set at 250 yen, a 103.3% premium over a 3-month average. Parker-Hannifin is a NYSE-listed global leader in motion and control technologies. Parker-Hannifin formed a capital and business alliance with TAIYO in Feb. 2014. TAIYO went public in March 2008.

Fuji Media To Acquire Sankei Building

Fuji Media Holdings Inc., a listed broadcasting holding company, announced that its wholly owned subsidiary Fuji Media Service Inc., will acquire The Sankei Building Co., Ltd., a mid-size real estate developer, through a tender offer. The TOB price is set at 740 yen, a 139% premium over a 3-month average. The deal size is at most 32.83 billion yen. Fuji Media Service is the largest shareholder of Sankei Building (29.85%).

SMFG To Acquire Aircraft Leasing Business From RBS

Sumitomo Mitsui Financial Group, Inc.(SMFG), a major financial conglomerate, announced that SMFG and Sumitomo Corp, a leading trading company, have reached an agreement with The Royal Bank of Scotland Group plc (RBS) on the acquisition of RBS's aircraft business, subject to regulatory approval and clearance. RBS was the fourth largest air-leasing player in the world.

Toyota Tsusho To Tender Offer Electronics Trading Company

Elematec Co., a listed electronics trading company, announced that Elematec approved a tender offer by Toyota Tsusho Co., a trading unit of Toyota Group. The TOB price is at 1,540 yen, a 44.1% premium over a 3 month average. As Toyota Tsusho limits the maximum number of shares to be purchased to 51.0% of Elematec's shares, it does not plan to delist Elematec.

PE-backed Call Center Operator To Spin Off Its Medical Division

Bellsystem 24 Co., a leading call-center operator, will spin off the CRO-related medical division into a separate company in March, according to the Nikkei. Bellsystem 24 will focus on the marketing and customer service solution business. Bellsystem 24 was acquired by Bain Capital, a US-based private equity firm, in November 2009.

Machine Tool Orders Up 17.4% In Dec.

The Japan Machine Tool Builders Association released that machine tool orders rose for the 25th straight month in December, increasing 17.4% on the year. Domestic demand was up 12.2% while foreign demand was up 19.9%. For all of 2011, they reached 1.32 trillion yen, up 35.5% from a year earlier. It is the first time in the last 3 years to top 1.3 trillion.

Asahi Kasei To Acquire VC-backed Crystal IS

Asahi Kasei Co., a chemical-based conglomerate, announced that it signed a share purchase agreement with Crystal IS, Inc., a US-based venture focused on the development of ultraviolet light emitting diodes (UV LEDs). Asahi Kasei has acquired all shares of CIS, making it a wholly owned subsidiary. CIS received venture funding in 2004 and 2006 from ARCH Venture Partners, Lux Capital, the Credit Suisse/New York State Common Retirement Fund and Harris & Harris Group.

Adecco To Acquire PE-backed Staffing Agency

Adecco Group, a global HR solution provider, announced that it has reached a share transfer agreement to acquire a 100% share of VSN Co., a manufacturing-oriented staffing agency, for about 9.1 billion yen. VSN went private in August 2010 via MBO with SBI Capital, an investment unit of the financial conglomerate formed by SBI group and Ant Global Partners, a mid-sized private equity firm.