Global private equity and venture capital news and research

KKR among suitors for Panasonic healthcare unit

19 Mar 2013

UJapanese electronics group Panasonic is reportedly looking to sell its healthcare unit for up to ¥100bn ($1.05bn), with buyout majors including KKR named among possible suitors.

Panasonic’s sale is in line with the corporation’s plans to divest  its non-core assets to make up for its expected losses this year according to a Nikkei newspaper report, which did not cite any sources.

The unit posted losses of ¥8.8bn on revenues of ¥133.6bn for the year ending March 2012.

Panasonic has said that it expects to report a ¥765bn loss for the current fiscal year, which will conclude at the end of the month.

Earlier this month Panasonic sold a property in Tokyo for ¥50bn.

Last week US satellite TV group DirecTV decided to pull out of the bidding process for Vivendi’s Brazilian phone unit GVT, leaving a consortium led by buyout majors KKR and Apax as the only suitor.

Copyright © 2013 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016