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Thursday, March 10, 2011

REFILE-RPT-Nomura in talks with Bain to sell Skylark -sources

Nomura Holdings Inc is in negotiations with U.S. private-equity firm Bain Capital LLC to sell Japanese restaurant chain Skylark Co for 280 billion yen ($3.4 billion), including debt, financial sources told Reuters on Friday. If the deal goes through, it would be the largest private-equity buyout of a Japanese company since the 2008 global financial crisis, signalling renewed interest in Japan on the part of investment funds, said the Nikkei business daily, which first reported the deal. Nomura aims to transfer the Skylark shares before the end of this month to Bain, which is planning a leveraged buyout for the deal and is negotiating with multiple banks to secure loans, the Nikkei said.

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