Bain Capital poised to buy ADK

The private equity company is expected to launch a tender offer, according to reports.

Bain Capital, the US investment firm, is to buy ADK for around ¥150bn, or £9.8m, according to a report by the Nikkei.

WPP currently holds close to a 25% stake in ADK. The agency has recently been working to expand its international presence, and in 2015 launched a business unit called ADK Global dedicated to that goal.

It is understood that Bain will make an offer for shares in Japan’s third-largest advertising agency imminently, which would result in it being delisted.

A spokesperson for ADK acknowledged the report in the Nikkei but did not provide further comment since an official announcement has yet to be made.

A version of this story was first published by Campaign Asia-Pacific

Tags

Subscribe today for just $116 a year

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.com , plus get exclusive discounts to Campaign events

Become a subscriber

GET YOUR CAMPAIGN DAILY FIX

The latest work, news, advice, comment and analysis, sent to you every day

register free