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Investment Implications of an Asynchronous Global Recovery

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Pioneer and KKR Agree to Pioneer DJ Share Purchase
Sep 16, 2014

Pioneer and KKR Agree to Pioneer DJ Share Purchase

Pioneer Corporation ("Pioneer") and KKR today announced the signing of a share purchase agreement under which Pioneer's business division that engages in the development, manufacturing and sale of DJ equipment will be spun off into a new company, Pioneer DJ*, which will be jointly owned by Pioneer and KKR (*provisional name). Based on this agreement, KKR will acquire all of the outstanding shares of Pioneer DJ via holding company PDJ Holdings Co., Ltd. ("PDJHD") for approximately JPY59 billion (...