TOKYO -- Management buyouts (MBO) in Japan quintupled to an all-time high of 1.47 trillion yen ($9.7 billion) in value terms last fiscal year, as a growing number of companies go private to embark on management reforms amid a push by the Tokyo Stock Exchange to boost share prices and valuations.
There were 18 MBOs in fiscal 2023, six more than in the previous year and the highest level in 13 years, according to Japanese mergers and acquisitions research company Recof Data.
