LVJ Holdings 2 LLC, an entity backed by private equity firm Japan Industrial Partners, plans a tender offer to acquire all shares of Mitsubishi Logisnext (TYO:7105) in a deal that would take the company private.
The offeror plans to acquire the company's shares at 1,537 yen apiece for a total of 58.5 billion yen, according to a Tokyo Stock Exchange filing.
Mitsubishi Heavy Industries already owns 64.4% of Logisnext. The deal still requires regulatory clearances in Japan, the US, the European Union, South Africa and several Middle Eastern countries.
LVJ said it plans to begin the tender offer in late December once approvals are secured.