News Takara Tomy Partners Up with US Investment Firm
posted on 2007-03-16 18:32 EDT
In an attempt to strengthen its domestic and overseas operations, Takara Tomy formed an alliance with TPG. The US investment firm acquired 14% of Takara Tomy's common stock, and will also obtain 7 billion yen worth of convertible bonds with share warrants.
In the past, TPG has invested in several companies, such as Del Monte, Burger King, and Seagate Technology. In the wake of Japan's stagnating toy market, TPG's alliance with Takara Tomy is speculated to bolster the toy company's presence in Japan, as well as expand its presence internationally.