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Business deals

Carlyle to buy Japan KFC operator for $835m

Acquisition to see trading house Mitsubishi leave as investor

A KFC restaurant in Tokyo. The chain is coming off a year of big profit growth. (Photo by Shin Watanabe)

TOKYO -- U.S. private equity group Carlyle said Monday it will seek to take the operator of KFC fried chicken restaurants in Japan private in a roughly 130 billion yen ($835 million) acquisition.

Carlyle will launch a tender offer for Tokyo-listed KFC Holdings Japan at 6,500 yen per share, about a 20% premium versus the company's 5,400 yen closing price on Monday.

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