Toyo Seikan Group Holdings, Ltd. agreed to acquire Premier Centre Group Sdn. Bhd. from Advantage Partners Asia Fund, L.P. managed by Advantage Partners, Inc. and others for $75 million.
February 28, 2024
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Toyo Seikan Group Holdings, Ltd. (TSE:5901) agreed to acquire Premier Centre Group Sdn. Bhd. from Advantage Partners Asia Fund, L.P. managed by Advantage Partners, Inc. and others for $75 million on February 29, 2024.
The consideration consists of $75 million in cash. As part of the consideration, $75 million was paid towards common equity. The transaction is expected to complete in April 2024.
Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.
Toyo Seikan Group Holdings, Ltd. agreed to acquire Premier Centre Group Sdn. Bhd. from Advantage Partners Asia Fund, L.P. managed by Advantage Partners, Inc. and others for $75 million.
TOYO SEIKAN GROUP HOLDINGS, LTD. 
