Print Published 7th Dec 2017, 08:17

Bain Capital wins control of ADK

Bain Capital has won its bid to acquire Japan’s third largest advertising agency Asatsu-DK, as seemed probable once WPP agreed to tender it 24.96% shareholding.

Bain announced today that it acquired 87.05% of ADK’s shares as a result of the tender offer. The remaining shares will be acquired under agreed procedures and the company will be delisted from the Tokyo stock exchange.