Japan Wind Development to Be Acquired by Bain for Premium

(Bloomberg) — A fund affiliated with Bain Capital Partners

LLC plans to acquire Japan Wind Development Co. through a tender


JWD Holdings K.K., set up in February and equally owned by

the fund and Japan Wind President Masayuki Tsukawaki, will pay

580 yen a share, Japan Wind said in a statement Monday. The

price is 25 percent higher than Friday’s close of 463 yen.

“Bain Capital will work together with the current

management led by Mr. Tsukawaki,” Bain said in a statement.

“We will support further development of wind power generation

business through providing support for funding and strengthening

management infrastructure for stable growth.”

The purchase price is 9.7 billion yen ($81 million) but

could go to as much as 10.9 billion yen should shares from some

out-of-money warrants be exercised, according to statements from

the companies.

The tender offer starts March 24 and runs to May 8.

To contact the reporter on this story:

Chisaki Watanabe in Tokyo at


To contact the editors responsible for this story:

Reed Landberg at


Iain Wilson, Peter Langan

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us