Nihon M&A Center Inc. (OTCMKTS:NHMAF – Get Rating)’s share price fell 1.7% during mid-day trading on Wednesday . The stock traded as low as $14.70 and last traded at $14.70. 641 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,578 shares. The stock had previously closed at […]
Long-established hotels are falling like dominoes, victims of hard times brought on by the COVID-19 pandemic.
Part of the reason is their failure to adjust to new business norms during the health crisis that has seen occupancy rates plummet.
In this environment, they found it difficult to raise funds to refurbish aging facilities.
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Alarmed by the development, hotel operators are being urged to seek assistance from third parties to ensure that historically significant properties survive in some form.
Asahi Sakurai, head of the management department of the Hotel Grand Palace in Tokyo’s Chiyoda Ward summed up the situation facing many operators when he said, “We haven t generated big profits for a long time and our financial situation has worsened to the extent we can no longer wait for the market to pick up.”
Asiaâs Family-Owned Firm Founders Seek Private Equity Exit
This content was published on February 4, 2021 - 03:40
February 4, 2021 - 03:40
(Bloomberg) Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their lifeâs work as the Covid-19 pandemic has upended how global business is done.
After riding the regionâs rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
âWeâve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that theyâre thinking about succession issues and management issues,â said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. âPrivate equity is better understood now as either a potential strategic part
Asia’s family-owned business founders more open to explore PE deals, cede control
Photo by CHUTTERSNAP on Unsplash
February 4, 2021
Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potential strategic partner or as an exit path.”
Feb 4, 2021
Deal-makers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work after the COVID-19 pandemic upended how global business is done.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now looking for bigger partners, and help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.
“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,” said Ed Huang, co-head of Asia acquisitions in private equity at Blackstone Group Inc. “Private equity is better understood now as either a potential strategic partner or as an exit path.”