Loading
Search
▼ Private Equity Firm Apollo Hires Bain Executive To Launch Japan Business
- Category:Other
TOKYO/HONG KONG, Dec 5 (Reuters) - Private equity firm Apollo Global Management has hired a former executive from rival Bain Capital to head its operations in Tokyo, becoming the latest global fund to set up shop in Japan, five people with knowledge of the matter said.
Apollo has hired Tetsuji Okamoto, a managing director at Bain Capital, who starts the new role this month, said one of the individuals, who all sought anonymity, as the information was private.
With Japan one of its target markets in Asia, the firm plans to hire more staff there to explore corporate carve-outs and deals with small and mid-sized companies, the person added.
Okamoto was mainly responsible for debt financing at Bain Capital, another of the sources said.
On Thursday night, Apollo confirmed the hiring. Okamoto will start on Monday, reporting to Steve Martinez, a senior partner and head of Asia Pacific for the company, it said in a statement.
A Bain Capital representative declined to comment.
Apollo's move comes after Blackstone Group BX.N last year built up its corporate buyout team in Tokyo.
Other global private equity firms, such as KKR & Co KKR.N and Carlyle Group CG.O, have been eyeing opportunities in Japan, where large companies are expected to spin off non-core businesses to focus on areas with growth potential.
Japanese firms are under pressure to resolve potential conflicts of interest between publicly traded parent companies and listed subsidiaries, which could prompt some firms to sell listed units.
Japanese conglomerate Hitachi Ltd 6501.T is in the process of selling its chemical unit Hitachi Chemical Co 4217.T, which has a market value of 848 billion yen ($7.8 billion).
However, Japan's multi-billion-dollar deals are still limited to just a few each year.
Blackstone bought drug maker Ayumi Pharmaceutical Corp in a deal worth around $1 billion in March, its first non-property deal in Japan.
In February, MBK Partners bought Belgian chocolate maker Godiva Chocolatier's operations in Japan, South Korea and Australia in a deal worth between $1 billion and $1.5 billion. .
($1=108.6400 yen)
(Reporting by Junko Fujita in Tokyo and Kane Wu in Hong Kong; editing by Richard Pullin)
Apollo has hired Tetsuji Okamoto, a managing director at Bain Capital, who starts the new role this month, said one of the individuals, who all sought anonymity, as the information was private.
With Japan one of its target markets in Asia, the firm plans to hire more staff there to explore corporate carve-outs and deals with small and mid-sized companies, the person added.
Okamoto was mainly responsible for debt financing at Bain Capital, another of the sources said.
On Thursday night, Apollo confirmed the hiring. Okamoto will start on Monday, reporting to Steve Martinez, a senior partner and head of Asia Pacific for the company, it said in a statement.
A Bain Capital representative declined to comment.
Apollo's move comes after Blackstone Group BX.N last year built up its corporate buyout team in Tokyo.
Other global private equity firms, such as KKR & Co KKR.N and Carlyle Group CG.O, have been eyeing opportunities in Japan, where large companies are expected to spin off non-core businesses to focus on areas with growth potential.
Japanese firms are under pressure to resolve potential conflicts of interest between publicly traded parent companies and listed subsidiaries, which could prompt some firms to sell listed units.
Japanese conglomerate Hitachi Ltd 6501.T is in the process of selling its chemical unit Hitachi Chemical Co 4217.T, which has a market value of 848 billion yen ($7.8 billion).
However, Japan's multi-billion-dollar deals are still limited to just a few each year.
Blackstone bought drug maker Ayumi Pharmaceutical Corp in a deal worth around $1 billion in March, its first non-property deal in Japan.
In February, MBK Partners bought Belgian chocolate maker Godiva Chocolatier's operations in Japan, South Korea and Australia in a deal worth between $1 billion and $1.5 billion. .
($1=108.6400 yen)
(Reporting by Junko Fujita in Tokyo and Kane Wu in Hong Kong; editing by Richard Pullin)
- December 6, 2019
- Comment (1380)
- Trackback(1)
Comment(s) Write comment
purchase viagra in canada [url=http://canadotcphar.com/]cialis canadian pharmacy's[/url] brand viagra online
canadian prescription <a href="http://canadotcphar.com/">mexican pharmacy</a> canadian pharmacy.reviews
canadian prescription <a href="http://canadotcphar.com/">mexican pharmacy</a> canadian pharmacy.reviews
-
canadian online pharmacy viagra Web Site
- September 2, 2022
cialis canada pharmacy online [url=http://canadotcphar.com/]canadian pharmacy online for viagra[/url] low price viagra
cheapest viagra in uk <a href="http://canadotcphar.com/">canadian pharmacy viagra</a> canadarx.com
cheapest viagra in uk <a href="http://canadotcphar.com/">canadian pharmacy viagra</a> canadarx.com
-
canada pharmacy for viagra Web Site
- September 2, 2022
canadian pharmacy cialis 20mg [url=http://canadotcphar.com/]canadian pharmacy online viagra[/url] online viagra canada
order viagra <a href="http://canadotcphar.com/">canadian online pharmacy viagra</a> canadian pharcharmy
order viagra <a href="http://canadotcphar.com/">canadian online pharmacy viagra</a> canadian pharcharmy
-
canadian pharmacy online Web Site
- September 2, 2022
viagra shelf life [url=http://canadotcphar.com/]pharma from canada[/url] viagra sample
rite aid pharmacies <a href="http://canadotcphar.com/">pharmacy viagra</a> prescription drugs canada
rite aid pharmacies <a href="http://canadotcphar.com/">pharmacy viagra</a> prescription drugs canada
-
canadian pharmacies shipping to usa Web Site
- September 2, 2022
buy viagra uk [url=http://canadotcphar.com/]canada online pharmacies[/url] www.canadianpharmacymeds.com
safe generic viagra <a href="http://canadotcphar.com/">canadian pharmacy and cialis</a> purchase viagra in canada
safe generic viagra <a href="http://canadotcphar.com/">canadian pharmacy and cialis</a> purchase viagra in canada
-
cialis from usa pharmacy Web Site
- September 2, 2022
<a href="https://canadianpharmaciesking.com/">canada online pharmacies</a>
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]best canadian online pharmacies[/url]
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]best canadian online pharmacies[/url]
-
online prescriptions canada without Web Site
- September 1, 2022
<a href="https://canadianpharmaciesking.com/">canada medicine</a>
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]drug canada[/url]
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]drug canada[/url]
-
mexican online pharmacy Web Site
- August 30, 2022
<a href="https://canadianpharmaciesking.com/">buy medicine canada</a>
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]best online pharmacies no prescription[/url]
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]best online pharmacies no prescription[/url]
-
online meds without presxription Web Site
- August 30, 2022
<a href="https://canadianpharmaciesking.com/">canada online pharmacies</a>
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]online drugstore reviews[/url]
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]online drugstore reviews[/url]
-
canadian mail order pharmacies Web Site
- August 29, 2022
<a href="https://canadianpharmaciesking.com/">best canadian pharmacies</a>
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]overseas pharmacies online[/url]
https://canadianpharmaciesking.com/
[url=https://canadianpharmaciesking.com/]overseas pharmacies online[/url]
-
canadian pharmacy online Web Site
- August 29, 2022
<a href="http://canadianpharmacyguru.com/">overseas no rx drugs online</a>
http://canadianpharmacyguru.com/
[url=http://canadianpharmacyguru.com/]canada online pharmacy[/url]
http://canadianpharmacyguru.com/
[url=http://canadianpharmacyguru.com/]canada online pharmacy[/url]
-
canadian pharmaceuticals online reviews Web Site
- August 24, 2022
levothyroxine missed dose [url=https://synthroidus.com/#]cost of generic synthroid [/url] levothyroxine side effects long term elderly patients who are started on levothyroxine for thyroid replacement should be monitored for:
-
discount viagra usa Web Site
- August 9, 2022
amoxicillin for bv <a href="https://amoxilus.com/#">amoxicillin online purchase </a> amoxicillin chemical structure amoxil 500 mg walgreens price
-
doxycycline order online uk Web Site
- August 7, 2022
synthroid used for [url=https://synthroidus.com/#]synthroid 100mcg tab [/url] difference between armour and synthroid how long does synthroid take to work
-
synthroid 0.75 mg Web Site
- August 6, 2022
Trackback (You need to login.)
<a href="https://www.mobilfonn.com/popular-tiffany-bracelets-tiffanydk">popular tiffany bracelets</a> <a href="https://www.neilizur.com/47-brand-san-francisco-giants-hat-day-capy">47 brand san fran...
- lawnpink
- June 4, 2022
medication canada <a href="http://canadotcphar.com/">canadian pharcharmy online viagra</a> viagra sildenafil
canadian-pharmacy-online Web Site- September 2, 2022