Bain Capital plans to take Japanese aircraft interior manufacturer Jamco private in a 100 billion yen ($634 million) deal, marking its latest push into the Japanese market.
The U.S. private equity firm will launch a tender offer in February at 1,800 yen per share, offering a 27% premium to Jamco’s last closing price. The deal structure includes acquiring stakes from major shareholders Itochu and ANA Holdings, followed by a squeeze-out of minority investors.
The buyout highlights growing interest from foreign investors in Japan’s manufacturing sector, where many companies trade at valuations below global peers despite strong technical capabilities. Jamco, which supplies cabin components to major airlines, represents a strategic opportunity in the recovering aviation industry.
Bain’s strategy for Jamco likely involves operational improvements and potential expansion in the global aerospace supply chain. The deal adds to Bain’s portfolio of Japanese investments as the firm continues to bet on the world’s third-largest economy.
After the initial tender offer targeting 56% of shares, Bain will complete the takeover through a reverse stock split mechanism. The transaction includes Jamco’s existing debt and is expected to close after regulatory approvals.
