KKR (KKR) announced that it will launch its tender offer for the common shares and share acquisition rights, etc. of Topcon. The Tender Offer will be made through TK, an entity owned by the investment funds managed by KKR. The Tender Offer will commence on July 29, and will run until September 9. The Offeror will commence the Tender Offer to acquire all outstanding common shares and share acquisition rights with a tender offer price of JPY 3,300 per common share and JPY 193,400 per 7th Series Share Acquisition Right. Topcon is a global leader in the manufacturing of technology, leveraging its strengths in optical technology and precision measurement technology since its founding. KKR is making this investment predominantly from its Asian Fund IV. Topcon President and CEO, Takashi Eto, has agreed to tender his shares into the Tender Offer. Following the completion of the Tender Offer, Eto and funds managed by JIC Capital, Ltd. will invest in KKR-managed investment vehicles that will own Topcon.
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