Wise Partners agrees to buy Goldman’s Teibow-sources

TOKYO, Aug 20 (BestGrowthStock) – Wise Partners, a Japanese private
equity firm, will buy Teibow Co., a local maker of felt tips,
from Goldman Sachs (GS.N: ) for as much as 15 billion yen ($176
million), according to three sources close to the deal.

Wise outbid Advantage Partners and other potential buyers
looking to take control of the company, according to the sources,
who spoke on condition they not be identified. The price tag is
in the range of 10 billion to 15 billion yen, they said.

Advantage Partners, Polaris Capital Group and CITIC Capital
Partners initially bid to buy Teibow, sources previously told
Reuters. [ID:nTOE66D03V]

Goldman Sachs bought an 86 percent stake in Teibow in 2006
and later boosted its ownership to 100 percent.

A spokeswoman in Tokyo for Goldman Sachs declined to comment.
Wise Partners was not available for comment.
($1=85.32 Yen)
(Reporting by Junko Fujita, Wakako Sato and Emi Emoto; Editing
by Edmund Klamann)

Wise Partners agrees to buy Goldman’s Teibow-sources