Source disclosure: February 06, 2026
MCJ Co., Ltd. [6670.T]
TOKYO, Feb 6 (Reuters) - MCJ Co., Ltd. (Tokyo Stock Exchange Standard Market code number 6670), announced today that BCPM Cayman LP has decided to launch a tender offer to acquire ordinary shares of the company. The board of MCJ supports this tender offer and recommends shareholders to participate.
BCPM Cayman LP, a limited partnership formed under Cayman Islands law on January 14, 2026, intends to purchase up to 94,507,941 ordinary shares of MCJ at a price of ¥2,200 per share through an open tender offer. This offer will run from February 6, 2026, to March 24, 2026, covering a period of 30 business days. Settlement is scheduled to begin on March 31, 2026. The minimum number of shares to be purchased is set at 62,785,300, while there is no upper limit specified. SMBC Nikko Securities Inc. will act as the agent for the public offering.
The tender offer is part of a management buyout (MBO) transaction initiated by Bain Capital Private Equity, LP, which manages the investment fund behind BCPM Cayman LP. Bain Capital, with approximately $185 billion in assets under management globally, has been active in Japan since opening its Tokyo office in 2006. In Japan alone, Bain Capital has invested in over 42 companies, including Resilient Corporation, York Holdings Co., Ltd., Nisshin Co., Mitsubishi Pharma Corporation (now known as Taiho Pharmaceutical Co.), Jamco Corp., Red Bull Group, T-Gaia Co., Transcom Co., Snow Peak Co., Outsourcing Co. (now BREXA Holdings Co.), T&K Toka Corp., IDAJ Co., Evident (formerly Olympus' science division), Impact Holdings Co., Mash Holdings Co., Hitachi Metals Ltd. (now Proterra Co.), Linc'Well Co., Ignis Co., Kirin Hallmark Co., HEY Co. (now STORES Co.), Showa Aircraft Industry Co., Chuter Digital Co. (now Embertone Co.), Works Human Intelligence Co., and others. Globally, Bain Capital has completed investments in more than 400 companies since its founding in 1984, with additional follow-on investments bringing the total to around 1,450 companies.
High Island Yuji, the chairman and largest shareholder of MCJ, plans to continue his involvement in the company's operations after the completion of the tender offer. This arrangement aligns the interests of both the acquirer and the management team, making it a typical MBO scenario. The tender offer underscores Bain Capital’s strategic approach to enhancing enterprise value through operational support and growth strategies, leveraging their extensive experience across various sectors.
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