NEC Capital Solutions Limited

NEC Capital Solutions Limited provides financial services in Japan through four segments: Leasing, Finance, Investment, and Other. The Leasing segment handles leasing, rental, and installment sales of information communication equipment, office equipment, and other facilities, along with related goods sales, property sales, and maintenance services. The Finance segment covers money lending, factoring, and securities investment, while the Investment segment invests in venture companies and engages in asset, real estate, and advisory businesses. The Other segment includes energy, tourism, agriculture, healthcare, PFI/PPP, and solar power generation and sales. The company offers factoring, payment and collection agency, and receivables securitization services to government offices, local governments, large corporations, and small and medium-sized enterprises. Formerly NEC Leasing Co., Ltd., it changed its name to NEC Capital Solutions Limited in November 2008, was incorporated in 1970, and is headquartered in Tokyo, Japan.

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Leopalace21 to Be Taken Private via Tender Offer of About 270 Billion Yen by Hikari Tsushin, MBK and Others

Hikari Tsushin announced that it will team up with two investment funds to launch a tender offer for Leopalace21, aiming to take the company private with an outlay of about 270 billion yen. The offer price is 1,000 yen per share, and on the Tokyo stock market on the 15th, Leopalace21 shares were indicated at 791 yen, up 14%, or 100 yen, from the previous day at the daily limit high, drawing buying that converged on the tender offer price. Besides Hikari Tsushin, the tender offer will involve Asian investment fund MBK Partners and a fund affiliated with NEC Capital Solutions. Leopalace21 has endorsed the tender offer and recommended that shareholders tender their shares. Junichi Tazawa, an analyst at SMBC Nikko Securities, said in a report that the premium of the offer price over the previous day's closing price is 44.7%, which is comparable to recent tender offer cases involving real estate-related companies, and that, given the company's expression of support, the tender offer is highly likely to succeed.

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