Tokio Marine Capital Plans Sale of Showa

Tokio Marine Capital, a Japanese private equity firm, has launched a sale of drugmaker Showa Yakuhin Kako, Reuters reported Thursday. The company could be valued as high as 70 billion yen ($905 million), Reuters wrote. Tokyo-based Showa Yakuhin Kako is 50% owned by Tokio Marine Capital. Polaris Capital Group, another Japanese buyout firm, owns 23%, and a private equity arm of Pine Bridge Investments has another 23%.

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