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Buyers circle ailing JVC

February 8th, 2007 · No Comments

JVC, one of the world’s best known consumer electronic brands, is up for sale. There are reportedly three private equity firms preparing bids for a controlling stake in the ailing Victor Company of Japan. The eager trio have been named as UK-based Permira Advisers, San Francisco’s Texas Pacific Group and Hong Kong outfit CCMP Capital Asia. Parent company Matsushita Electric Industrial, which currently has a 52 per cent stake in JVC, has been looking to reduce its involvement for some time.

Tags: Miscellaneous items · Trade

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