KKR to Invest in CEO-Led Management Buyout of Japan's Topcon

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KKR to Invest in CEO-Led Management Buyout of Japan's Topcon

, MT Newswires - 5:56 AM ET 3/28/2025 default

05:56 AM EDT, 03/28/2025 (MT Newswires) -- KKR & Co.'s ( KKR ) funds will invest in a management buyout of Janan's Topcon Corp. alongside a wholly owned subsidiary of Japan Investment Corp., JIC Capital, according to a statement from Topcon early Friday.

Topcon President and Chief Executive Officer Takashi Eto will lead the buyout.

TK Co., Ltd., an entity owned by investment funds managed by KKR, will likely make a tender offer for Topcon's common shares and share acquisition rights. Topcon's board "recommends" to holders that they tender their securities.

The tender offer price is 3,300 Japanese yen ($21.9) per share, determined after negotiations between KKR and Topcon. It represents a 99.5% premium over a simple average closing price of Topcon's stock for the 12 months up to Dec. 9.

KKR is making this investment predominantly from its Asian Fund IV, and it is planned that KKR will indirectly hold a majority interest in Topcon.

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