New Horizon To Exit Investment In Housetec

New Horizon Capital Co., Ltd., an independent private equity firm, announced that New Horizon and Yamada Denki Co., Ltd., a major mass discount home electronics retailer, signed a share-transfer agreement for all shares of Housetec Holdings, a housing equipment and environmental facilities manufacturer. New Horizon acquired struggling Housetec from Hitachi Chemical in January 2008. Yamada Denki has been an aggressive M&A player, purchasing SXL Co., Ltd., a listed house maker, from Nomura investment group in August 2011.