News 233 views last update:6 Aug 2012

Permira to buy Arysta LifeScience

Permira Advisers LLP, Europe's biggest buyout firm, will purchase Arysta LifeScience Corp. for about 250 billion yen ($2.2 billion) in its first acquisition in Japan.

Permira will spend 100 billion yen in cash and borrow the rest, said spokeswoman Minako Hattori, declining to name the banks involved. Tokyo-based Arysta, a closely held maker of farm chemicals such as insecticides, provides crop protection and develops pharmaceutical additives, and veterinary medicines.

The purchase, Japan's biggest buyout this year, marks Permira's entrance into the world's second-largest economy, where buyouts are expected to grow. Private equity and management buyouts targeted at Japanese companies have grown 7.5% to $6.7 billion so far this year. That represents only 1.5% of similar transactions in the U.S.

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Arysta LifeScience Corp

Source: bloomberg.com

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