Advantage Targets Japanese Remodeler Yasuragi For $166M

Law360, New York (January 26, 2012, 2:20 PM EST) -- Japanese private equity fund Advantage Partners IV LLP is seeking to buy all common shares in home remodeler Yasuragi Co. Ltd. for 13 billion yen ($166 million) and plans to take control of the company, the fund announced Thursday.

Upon completing the purchase for 627 yen per share, a 71.3 percent premium over Wednesday's trading value, Advantage plans to take the Kiryu-based homebuilder private. Advantage said it will look to buy a minimum of 13,821,100 of shares through its subsidiary Nihon Jutaku Saisei Co. Ltd., but...
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