KKR and JIC acquire Topcon for $2.31 billion, possible relisting in four years

From Yahoo Finance: 2025-03-28 05:37:00

Private equity firm KKR and Japan Investment Corp will acquire medical gear maker Topcon in a $2.3 billion buyout. KKR will invest $1.7 billion for a majority stake while JIC will invest $630 million for a minority interest. Topcon’s CEO will sell his shares in the deal. The transaction comes amid a wave of take-private deals in Japan following activist investor pressure. Topcon’s two largest investors are activists ValueAct Capital and Oasis Management. The tender offer price of $30 per share is a 5.4% premium. A relisting is possible in four years. Other recent privatizations include JSR and Fuji Soft.



Read more at Yahoo Finance: KKR and state-backed JIC join forces to take Japan’s Topcon private for $2.31 billion