Marunouchi Global Fund II and Marunouchi Capital Fund II, both affiliated with Mitsubishi Corp., have agreed to sell Tosei Corp., a Japan-based professional laundry equipment and vacuum packing machine manufacturer, to Electrolux Professional Group for 1.7 billion Swedish krona ($171 million). The transaction, announced Dec. 22, is expected to close in the first quarter of 2024. Stockholm-based Electrolux was advised by a Jones Day team led by partners Benjamin O. Lang and Yuichiro Mori. Counsel information for Tosei was not immediately available.
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December 28, 2023, 7:40 AM