TOKYO, (December 27, 2022)—Evident Co., Ltd (“Evident”) announces the postponement of the transfer of all shares of Evident Corporation from Olympus Corporation (“Olympus”) to K.K. BCJ-66, a special purpose company indirectly owned by funds advised by Bain Capital Private Equity, LP (together with its affiliates, “Bain Capital”).
Reasons for the postponement
The transfer, originally planned for January 4, 2023—as announced on August 29, 2022—is subject to certain conditions, including Bain Capital’s receipt of approval(s) from relevant authorities pursuant to the competition laws and foreign investment policy applications. However, due to delays in competition law procedures in some countries, conditions for the transfer of shares are not expected to be satisfied by January 4, 2023. Therefore, Olympus and Bain Capital have decided to postpone the transfer date to Feb 2023. We will promptly make an announcement regarding any future steps once they have been finalized.
We will update the News section of EvidentScientific.com with any further information related to the transfer of all shares of Evident Corporation from Olympus to Bain Capital.
Link to the Olympus' announcement.
