The firm will buy preferred shares in the business from majority shareholder RHJ International, the Belgian industrial holdings company, and Japanese insurer Tokyo Marine & Nichido.
Unison will complete the buy-out through the purchase of common stock from the two companies at ¥27 per share, and has offered shareholders ¥33 per share for the remaining stock, a premium to the ¥29 closing price on Wednesday.
The firm has also assumed the company’s debt, although financial details of this were not disclosed. RHJ, which owns a 62 per cent stake in the company, will receive ¥14.2bn (€ 139m) from the deal.
The move by RHJ reflects efforts by the group to become more focused on financial services, Leonhard Fischer, the group’s CEO, said in a statement.
Last month Unison Capital also bought shoe repair company Mister Minit from the Asia Pacific arm of London-based private equity firm CVC.
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