Bain Capital's ¥155.7bn Take-Private of MCJ (6670)
A Bain Capital vehicle, BCPE Meta Cayman, L.P., reported 69.56% of MCJ (6670) — 70,792,445 shares — after a tender offer that closed 2026-04-07. Total cost was about ¥155.7 billion: roughly ¥62.3bn of equity and ¥93.4bn of bank debt, with the acquired shares pledged back to the lending banks.
| Target | MCJ Co., Ltd., ticker 6670 |
|---|---|
| Acquirer | Bain Capital, via BCPE Meta Cayman, L.P. |
| Stake | 69.56% — 70,792,445 shares |
| Total cost | ~¥155.7bn (~¥62.3bn equity, ~¥93.4bn bank debt) |
| Lenders | SMBC, Mizuho, Aozora, Kiraboshi (syndicated) |
| Tender offer closed | 2026-04-07 |
| Share pledge | Acquired shares pledged to the lending banks (follow-up filing S100XYRB) |
| Delisting route | EGM + share consolidation (Companies Act art. 180) squeeze-out |
| Primary sources | S100XYR5 · S100XYRB (pledge) |
What the filing shows
The filing records the holding, the tender-offer completion, the financing split, and — days later — that all the acquired shares had been pledged to the syndicate. What it does not say is the price minority holders ultimately receive in the consolidation, or whether the squeeze-out draws an objection. Those are the next entries in this timeline.
Part of a pair
MCJ is one of two Japanese companies Bain Capital moved to take private in the same 2026 filing window — the other being INFORICH / ChargeSPOT (9338), through a different vehicle (BCJ-102).
FAQ
- Who is taking MCJ private?
- Bain Capital, via BCPE Meta Cayman, L.P. — 69.56% after a tender offer closing 2026-04-07.
- How was it financed?
- ~¥155.7bn total: ~¥62.3bn equity, ~¥93.4bn bank debt (SMBC, Mizuho, Aozora, Kiraboshi); shares pledged to the banks.
- Where can I verify this?
- Primary EDINET filings S100XYR5 and S100XYRB.