MBK Partners plans to buy Japan's Accordia in deal valuing target at up to $1.5 billion

July 15, 2016 5:07 AM

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MBK Partners plans to buy Japan's Accordia in deal valuing target at up to $1.5 billion

TOKYO Seoul-based private equity firm MBK Partners is planning to buy Japanese golf course operator Accordia Golf Co (2131.T) in a deal that could value the company as much as 160 billion yen ($1.5 billion), three people with direct knowledge of the matter told Thomson Reuters LPC.

Shares in Accordia Golf surged as much as 13 percent in Tokyo on Friday when trading began after an early suspension pending a company statement. Accordia said in its statement that the company has nothing to disclose at the present.

Also read: New Golf Course Hazard: Chinese Tourists Chasing Kangaroos

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