Nomura, Tokio Marine units to lead huge domestic buyout: paper.

Japan Weekly Monitor, March, 2003

TOKYO, March 19 Kyodo

The investment units of Nomura Holdings Inc. and Tokio Marine & Fire Insurance Co. plan to carry out a management buyout in April to acquire Wanbishi Archives Co. and a group firm, a Japanese business daily reported Wednesday.

The Nihon Keizai Shimbun said Nomura Principal Finance Co. and Tokio Marine Capital Co., along with other investors, are poised to acquire the two firms for around 50 billion yen in what is expected to be the largest deal of its kind in Japan.

The president of the two Wanbishi firms also plans to contribute to the acquisition, the paper said.

Wanbishi Archives, which provides storage space for corporations, currently has a 30% domestic market share for document storage services...