Warburg Pincus to acquire Japan's J.S.B. in over $1 billion deal, source says

US private equity firm Warburg Pincus is preparing to buy Japanese student housing provider J.S.B. The deal is valued at over one billion dollars. Warburg Pincus has already secured agreements with J.S.B.'s major shareholders. This move marks Warburg Pincus' first take-private deal in Japan since establishing its Tokyo office. The acquisition is expected to be announced soon.