Blackstone to sell Japan supplement maker Alinamin to MBK for 350 billion yen: source

PRIVATE equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for 350 billion yen (S$2.9 billion), a source with direct knowledge of the matter said on Tuesday (Jul 2).

The deal is expected to be signed soon, said the source, who declined to be identified as the information was private.

MBK, Blackstone and Alinamin declined to comment.

Blackstone had agreed in August 2020 to acquire Alinamin, then a subsidiary of Takeda Pharmaceutical, according to an announcement from the private equity firm at the time.

Nikkei first reported Blackstone’s planned sale of Alinamin earlier on Tuesday.

MBK aims to use its experience in consumer goods acquisitions to boost Alinamin’s value, the Nikkei reported.

SEE ALSO

Blackstone snaps up UK hotel operator Village Hotels

Blackstone makes US$1.7 billion bid for Japan e-comics platform Infocom

Blackstone agrees to buy Japanese manga firm for US$1.7 Billion

Blackstone buys US$1 billion mortgage portfolio from Germany’s PBB

More

Previously known as Takeda Consumer Healthcare, Alinamin provides over-the-counter medicines in Japan.

After Blackstone’s takeover, the company set up a unit in Taiwan and increased its overseas sales, the Nikkei reported. REUTERS