Bain Capital, a private equity firm, has secured a $1.1 billion recapitalization loan for its Japan telemarketing asset Bellsystem24, Reuters reports. Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. provided the financing. The recapitalization will help the firm display returns to its investors, as it is, at present, raising a new pan-Asia fund of more than $2 billion. The firm recently bought MYOB in Australia for $1.3 billion and is also set to buy a Japanese restaurant chain Skylark, which has an enterprise value of around $3.7 billion.
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Mizuho Corporate Bank Japan Bain Capital Tokyo-Mitsubishi UFJ Bellsystem24