(May 20): Nikkon Holdings Co is considering going private and the Japanese logistics company is preparing to hold a first round of bidding in early June, according to people familiar with the matter.
Several US investment funds including Bain Capital LP, Warburg Pincus LLC and Blackstone Inc are expected to take part in the bidding, said the people, who asked not to be identified discussing confidential information.
Tokyo-based Nikkon has selected financial advisers for the privatisation process and has also set up a special committee made up of outside directors to consider the matter, according to the people. The company plans to hold a second round of bidding in August, the people said.
Spokespeople for Warburg Pincus and Blackstone declined to comment. Nikkon and Bain representatives weren’t immediately available to comment.
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