Paramount Bed to go private in management buyout tender offer

TMKR Co., Ltd., established by Paramount Bed Holdings president and chief executive Tomohiko Kimura, aims to acquire all common shares of Paramount Bed Holdings for 3,530 yen per share. This represents a 31.37% premium over the closing price on September 22, 2025. The offer values the company at a significant premium over recent market prices, including a 40.08% premium over the simple average closing price for the past six months.

The tender offer, part of a management buyout (MBO), is set to run from September 25, 2025, to November 17, 2025. The offeror will purchase all tendered shares if the minimum threshold of 20,486,500 shares (36.53% of voting rights) is met. Key non-tendering shareholders, including Tomohiko Kimura and CTOK Co., Ltd., hold 28.61% of shares and have agreed not to tender.

The privatization aims to facilitate long-term investments in healthcare, nursing care, and health promotion businesses, without the pressures of short-term market profitability. The special committee, after multiple negotiations, approved the offer price as fair to general shareholders.