Tomy sells off stake

Private equity firm Texas Pacific Group has acquired a 14.07 per cent stake in Tomy becoming the firm’s second-largest shareholder.
Publish date:
Social count:

Under the agreement, TPG will purchase 7 billion yen ($60 million) in convertible bonds with share warrants that Tomy will issue to TPG through a third-party allocation.

TPG, which has about $30 billion of assets under management, will also acquire 10.96 percent of Tomy shares held by the investment firm T2 Fund.

In addition, it will also acquire 1.97 percent of Tomy shares held by the firm as treasury stock and another 1.13 percent of outstanding shares from the company's subsidiaries.

A TPG spokesman declined to comment on the total investment amount, but the 14.07 percent stake would be worth close to $90 million at Tuesday's closing share price of 768 yen.

"Tomy is well positioned as Japan's number two toy maker and has huge potential for further growth, especially overseas," Jun Tsusaka, head of TPG's Japanese operations, said in a statement.

"Combining both partners' strengths will allow Tomy, already one of Japan's major toy makers, to further develop into a leading global toy maker," said Kantaro Tomiyama, president of Tomy.



Tomy and Takara to merge

Following hard on the heels of the Bandai and Namco deal, Takara and Tomy are now expected to join forces, with a merger expected at the end of the year.


MGA stake clouds Zapf deal

The acquisition of an 18 per cent stake in Zapf Creation by Bratz manufacturer MGA, has cast some doubt on Bandai’s much vaunted purchase of the German doll maker.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.