TOKYO — SG Investments, a fund led by the Goldman Sachs Group, will buy 99.31% of the shares of USJ, which operates the Universal Studios Japan theme park in Osaka. The deal, announced on Friday, involves 2.15 million shares and 30,033 warrants worth a total of $1.2 billion ($111.2 billion yen).
In a related development, the Osaka city government earlier said it will sell its shares in USJ, a 9% stake, to the same Goldman group for $106 million (10 billion yen).
SG Investments will buy the shares on the open market on May 28, raising its total stake in USJ from 41% to 99.31%. It will also delist the company from the Mothers market for start-ups, taking it private.