Topcon to go private in management buyout backed by KKR, JICC

Topcon Corporation [TSE: 7732] announced it has agreed to a management buyout led by TK Corporation, a newly established entity backed by Kohlberg Kravis Roberts (KKR) and JIC Capital (JICC). The deal, structured as a tender offer for all outstanding shares, aims to take Topcon private, enabling a long-term strategic shift away from the pressures of public markets. TK Corporation will offer ¥3,300 per share for Topcon common stock, and an equivalent price for US-listed shares as well. It also plans to acquire outstanding stock acquisition rights for ¥193,400 per right.