TOKYO -- U.S.-based Bain Capital will acquire Red Baron, Japan's leading dealer of secondhand motorcycles, in a purchase estimated to be worth nearly 100 billion yen ($694 million), Nikkei learned Monday.
A formal announcement is expected soon. Bain will acquire a majority stake in Red Baron from its founding family and other investors. The family will maintain some ownership of the company, while its current leadership team is expected to stay on.
