MBK mandates UBS to arrange $300m refinancing for Yayoi Co


tokyo-japan-shinjuku_sqSouth Korean buyout house MBK Partners is understood to have hired UBS to arrange a refinancing package for Yayoi Co, the Japanese accounting software developer the firm bought almost six years ago.

The Swiss bank has been mandated to arrange a JPY27bn ($302m) five-year loan to refinance debt used for its 2007 buyout of the business, Reuters’ IFR reported Saturday.

Banks including Tokyo-Mitsubishi UFJ and Tokyo Star Bank have joined in limited syndication, the report said, adding that the financing will be launched to wider syndication as early as February.

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