PE firm Baring has made a $1.4B rival bid for Japanese nursing home operator Nichiigakkan, a business which directly addresses Japan's ageing population. The bid rivals Bain Capital's $1.2B agreed offer to buy the firm.
“BPEA has sent letters to certain members of Nichiigakkan’s founding family, offering to evaluate assisting with a management buyout as well as a tender offer for all outstanding ordinary shares and share acquisition rights of Nichiigakkan,”
Baring