Carlyle Group to Acquire KFC Holdings Japan for 6,500 Yen per Share with 20% Premium

May 20, 2024, 09:45 AM

Carlyle Group announced on Monday that it will acquire KFC Holdings Japan, the operator of the Kentucky Fried Chicken fast-food chain in Japan. The acquisition will be conducted through a tender offer by Carlyle's SPC, Crispy KK, which is wholly owned by Juicy KK. Carlyle is offering a 20% premium on the shares, amounting to 6,500 yen per share. The buyout includes purchasing shares from MitCorp (8058) and the public, with a total premium reaching 79% from the first leak in February. KFC Holdings Japan is listed under the ticker 9873.