Two private equity firms have come to the rescue of NIWS Co. HQ, a company specialising in tailor-made software, hardware and consulting services and listed on the Tokyo Stock Exchange.
The two investors will pump Ñ20 billion $175 million into the company, of which Ñ6.5 billion is for new common shares, and Ñ11 billion and Ñ2.5 billion is for type-A and type-B new preferred shares respectively.
With no old shares being disposed of, the transaction amounts to a major capital infusion for the company, setting the scene for a possible turnaround.
NIWS has been performing badly in recent times, with...
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