Japanese PE firm Polaris offers to privatise pharmacy chain Sogo Medical

Japanese PE firm Polaris offers to privatise pharmacy chain Sogo Medical

Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash

Japanese private equity firm Polaris Capital Group has made a tender offer to privatise the country’s pharmacy chain operator Sogo Medical Holdings that could value the Tokyo-listed company at about JPY76.5 billion ($696 million).