Advantage Partners, TPG to Bid on Hayashibara

Advantage Partners, TPG and J-Will Partners are among the suitors planning to bid on Japanese sweetener maker Hayashibara, Reuters reported. A deal for Hayashibara, which manufactures the sweetener trehalose, could reach as high as 40 billion yen ($467 million), Reuters said. Hayashibara failed earlier this year, owing 130 billion yen in debt. The first round of bidding will close April 12, and other potential bidders include Mitsubishi Corp. and Toyota Tsusho Corp.

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