Bain Capital Completes Acquisition of BELLSYSTEM24

On November 14, 2009, Citigroup Capital Partners Japan Ltd., a subsidiary of Citi, entered into a tender offer agreement with an affiliate of Bain Capital under which it received cash consideration for its 93.5% stake in BELLSYSTEM24. The total transaction was valued at approximately 100 billion yen (equivalent to US$1.1 billion), making it the largest buyout in Japan in nearly two years.

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