Electrolux Professional AB (publ) (OM:EPRO B) entered into an agreement to acquire Tosei Corporation (TSE:8923) from Marunouchi Capital Fund 2 managed by Marunouchi Capital Inc. and Marunouchi Global Fund II for ¥23.25 billion on December 22, 2023. The acquisition is on a cash and debt free basis. The acquisition is intended to be financed by a new bridge facility. Closing is expected to take place during the first quarter of 2024. Benjamin Lang and Yuichiro Mori of Jones Day (Japan) acted as legal advisor to Electrolux Professional.

Electrolux Professional AB (publ) (OM:EPRO B) completed the acquisition of Tosei Corporation (TSE:8923) from Marunouchi Capital Fund 2 managed by Marunouchi Capital Inc. and Marunouchi Global Fund II on January 10, 2024.