No one expects the Japanese acquisition!

28 Nov 2014

London headquartered private equity group CVC Capital Partners announced today that it has struck a deal to acquire a 50% stake in Arteria Networks, a telecoms subsidiary of Japanese trading house Marubeni, for about USD150 million. Under the agreement, the UK-based group will buy existing shares in the broadband internet access provider from Marubeni and other minority shareholders, as well as purchasing new shares in the company, Arteria said in a statement as reported by Reuters.

CVC already owns a number of investments in Japan – such as restaurant chain Skylark Co and shoe repair and key cutting service provider Minit Asia Pacific Co – however, the move for Arteria is more interesting given that it marks the third Asian telecoms group that CVC has invested in in recent times. The private equity firm already owns shares in Hong Kong’s second largest broadband operator Hong Kong Broadband Network, and Indonesian broadband network operator PT LinkNet.

Japan