Nissin Corp. Is Said to Plan Bain-Backed Management Buyout (2)

Japanese logistics company Nissin Corp. plans to go private through a management buyout backed by US investment firm Bain Capital, in a deal that’s expected to exceed ¥100 billion ($688 million) in size, people familiar with the matter said.

Bain has obtained board approval and will conduct a tender offer for the company’s shares, said the people, who asked not to be identified discussing private matters. Due to the time required for procedures related to antitrust laws and other regulations, the offer may not start for several months, they said, adding that an announcement will come as early as ...