KKR to make $5.2bn tender offer for Hitachi Transport System | AltAssets Private Equity News
Summary
KKR is expecting to launch a tender offer for Hitachi Transport System by September through its Asia Fund IV. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter HTS provides supply chain solutions for customers who outsource logistics functions. Hiro Hirano, co-head of Asia Pacific private equity at KKR and CEO of KKR Japan, said, “We are pleased to have this opportunity to invest in Hitachi Transport System, a pioneer in the Japanese 3PL market that has provided innovative logistics and supply chain solutions for many years. “We look forward to utilizing KKR’s global network and expertise to accelerate Hitachi Transport System’s next phase of growth and help the Company achieve its goal of becoming the leading 3PL company in Asia through technology enablement and inorganic growth in a collaborative manner.” It was reported in February that Bain Capital, Baring Private Equity Asia and Blackstone would participate in a new round of bidding for HTS. KKR’s other investments in Japan include cloud accounting software Yayoi, supermarket chain Seiyu, semiconductor manufacturer Kokusai Electric and medical device maker PHC.