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Japan Activation Capital takes stake in electronics firm Omron

Japan Activation Capital takes stake in electronics firm Omron

CNAa day ago
TOKYO :Japan Activation Capital (JAC) has taken a stake in electronics company Omron, according to a statement, as the investment firm ramps up its exposure to Japanese companies.
JAC's stake totals roughly 4 per cent for some 30 billion yen ($210 million), according to the investment firm.
Shares in Omron, a player in factory automation and healthcare equipment, have fallen roughly a third this year.
JAC was established by former Carlyle Group executive Hiroyuki Otsuka to invest in mid- to large-cap Japanese companies.
The firm has previously taken stakes in household goods makers Lion and Pigeon.
JAC is considering investments in several more companies this year, Otsuka told Reuters.
($1 = 145.0500 yen)
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