HONG KONG/TOKYO : North Asia-focused private equity firm MBK Partners has put up for sale Japanese jewellery brand Tasaki, in a deal that could value it at more than $500 million, three people with knowledge of the matter said.
MBK has hired investment bank Daiwa Securities to run the sale, which has entered a second round, said two of the sources. All three sources declined to be named as the information was confidential.
MBK took the company private in 2017 in a 31.5 billion yen buyout to help speed up decision-making and expand outside Japan. MBK has invested in a number of Japanese companies including Godiva Japan and nursing care provider Tsukui Holdings.
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