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400;\">\u682a\u5f0f\u306e21.45\uff05\u3092\u4fdd\u6709\u3059\u308b\u7b46\u982d\u682a\u4e3b\u3068\u306a\u308a\u3001\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u7d71\u6cbb\u4f53\u5236\u3092\u5909\u66f4\u3057\u305f\u308a\u3001\u4fdd\u6709\u4e0d\u52d5\u7523\u306e\u52b9\u7387\u5316\u306a\u3069\u306b\u5411\u3051\u5727\u529b\u3092\u304b\u3051\u305f\u308a\u3068\u7d4c\u55b6\u6226\u7565\u306b\u5927\u304d\u304f\u5e72\u6e09\u3057\u305f\u306e\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">3D\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u3092\u8cb7\u3044\u5897\u3057\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u793e\u5916\u53d6\u7de0\u5f79\u3084\u76e3\u67fb\u5f79\u306e\u9078\u4efb\u306a\u3069\u3092\u5de1\u3063\u3066\u682a\u4e3b\u7dcf\u4f1a\u3067\u5bfe\u7acb\u304c\u8d77\u304d\u3001\u975e\u4e0a\u5834\u5316\u304c\u691c\u8a0e\u3055\u308c\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u3001<strong>\u682a\u5f0f\u306e\u975e\u4e0a\u5834\u5316\u3092\u6c7a\u65ad\u3057\u30013D\u3068\u306e\u5bfe\u7acb\u306b\u6642\u9593\u3092\u53d6\u3089\u308c\u305a\u7d4c\u55b6\u306b\u96c6\u4e2d\u3067\u304d\u308b\u4f53\u5236\u3092\u6574\u3048\u307e\u3057\u305f<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u73fe\u72b6\u306e\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u696d\u7e3e\u304c\u597d\u8abf\u3067\u30012024\u5e7412\u6708\u671f\u3082\u5897\u53ce\u5897\u76ca\u306e\u898b\u901a\u3057\u3067\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u8cb7\u53ce\u63d0\u6848\u3092\u3057\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306b\u8cb7\u53ce\u63d0\u6848\u3092\u3057\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u306f\u3001\u6b21\u306e2\u793e\u3067\u3059\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>Kohlberg Kravis Roberts&amp;Co.\uff08KKR\uff09<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">KKR\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u306b\u672c\u793e\u3092\u7f6e\u304f\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3067\u3001\u65e5\u672c\u3067\u306f\u6771\u4eac\u90fd\u5343\u4ee3\u7530\u533a\u306b\u4e0b\u8a18\u306e\u6cd5\u4eba\u3092\u8a2d\u7acb\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u682a\u5f0f\u4f1a\u793eKKR\u30b8\u30e3\u30d1\u30f3<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u682a\u5f0f\u4f1a\u793eKKR\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30de\u30fc\u30b1\u30c3\u30c4<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30dc\u30b9\u30c8\u30f3\u306b\u672c\u793e\u3092\u7f6e\u304f\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3067\u3001\u65e5\u672c\u3067\u306fKKR\u3068\u540c\u69d8\u306b\u6771\u4eac\u90fd\u5343\u4ee3\u7530\u533a\u3092\u62e0\u70b9\u306b\u6771\u4eac\u30aa\u30d5\u30a3\u30b9\u3092\u69cb\u3048\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306b\u8cb7\u53ce\u63d0\u6848\u304c\u6765\u305f\u7d4c\u7def<\/span><\/h2>\n<img decoding=\"async\" class=\"aligncenter wp-image-6864 size-full\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/27666770_s-min.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/27666770_s-min.jpg 660w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/27666770_s-min-300x200.jpg 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/27666770_s-min-485x323.jpg 485w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306b\u8cb7\u53ce\u63d0\u6848\u304c\u6765\u305f\u7d4c\u7def\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u3001\u6b21\u306e\u30dd\u30a4\u30f3\u30c8\u3092\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u4e0a\u5834\u5ec3\u6b62<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u4e89\u596a\u6226<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>\u516c\u958b\u8cb7\u4ed8\u306e\u4ed5\u7d44\u307f<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>\u975e\u516c\u958b\u5316\u306e\u610f\u56f3<\/strong><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u4e0a\u5834\u5ec3\u6b62<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f2024\u5e748\u67088\u65e5\u306b\u3001\u4e0a\u5834\u5ec3\u6b62\u3092\u3059\u308b\u610f\u5411\u3092\u793a\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4e0a\u5834\u5ec3\u6b62\u306e\u80cc\u666f\u306b\u306f\u3001\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u7406\u7531\u3067\u306f\u306a\u304f\u5bcc\u58eb\u30bd\u30d5\u30c8\u304c\u767a\u5c55\u3059\u308b\u305f\u3081\u306e\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u7406\u7531\u304c\u95a2\u4fc2\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2024\u5e74\u306b\u767a\u8868\u3055\u308c\u305fTOB\u306e\u3046\u3061\u3001\u4e0a\u5834\u5ec3\u6b62\u3092\u72d9\u3063\u305f\u3082\u306e\u306f37\u4ef6\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff08PBR\uff09\u306e\u5358\u7d14\u5e73\u5747\u306f1.73\u500d\u3001\u4e2d\u592e\u5024\u306f1.13\u500d\u3067\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u57fa\u672c\u7684\u306bPBR\u304c\u4f4e\u3044\u4f01\u696d\u304c\u975e\u4e0a\u5834\u5316\u306e\u5bfe\u8c61\u3068\u306a\u308a\u307e\u3059\u304c\u30018\u67087\u65e5\u6642\u70b9\u3067\u5bcc\u58eb\u30bd\u30d5\u30c8\u306ePBR\u306f3.52\u500d\u3068\u3001\u4ed6\u306eTBO\u4e8b\u4f8b\u3088\u308a\u9ad8\u3044\u6570\u5024\u3092\u8a18\u9332\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u30012022\u5e74\u306e\u4e2d\u671f\u7d4c\u55b6\u8a08\u753b\u3067\u5c06\u6765\u7684\u306b\u300c1\u5146\u5186\u4f01\u696d\u300d\u3092\u76ee\u6307\u3059\u3068\u660e\u8a18\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n<\/span><span style=\"font-weight: 400;\">\u4eca\u56de\u306e<strong>\u9ad8PBR\u3067\u306e\u975e\u4e0a\u5834\u5316\u306f\u30011\u5146\u5186\u4f01\u696d\u3078\u6210\u9577\u3059\u308b\u305f\u3081\u306e\u7d4c\u55b6\u6226\u7565\u3068\u3057\u3066\u884c\u308f\u308c\u305f<\/strong>\u3082\u306e\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4eca\u56de\u306eKKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u58f2\u8cb7\u63d0\u6848\u3092\u53d7\u3051\u3066\u3001\u3069\u3061\u3089\u306bTBO\u304c\u6210\u7acb\u3057\u3066\u3082\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u3001\u4e0a\u5834\u3092\u5ec3\u6b62\u3059\u308b\u898b\u901a\u3057\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TBO\u5f8c\u306b\u306f<strong>\u4e00\u5ea6\u4e0a\u5834\u3092\u5ec3\u6b62\u3059\u308b\u3082\u306e\u306e\u30011\u5146\u5186\u4f01\u696d\u3092\u76ee\u6307\u3057\u3066\u518d\u4e0a\u5834\u3059\u308b\u72d9\u3044<\/strong>\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u306b\u306f\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u5742\u4e0b\u793e\u9577\u306f\u3001\u4eca\u56de\u306e\u8cb7\u53ce\u63d0\u6848\u30921\u5146\u5186\u4f01\u696d\u306b\u5411\u3051\u305f\u7d4c\u55b6\u6226\u7565\u3068\u3057\u3066\u6349\u3048\u3066\u3044\u308b\u65e8\u3092\u8ff0\u3079\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u300c\uff08\u8cc7\u672c\u52b9\u7387\u6539\u5584\u306e\u305f\u3081\u306e\uff09\u975e\u516c\u958b\u5316\u306f\u305d\u306e\u524d\u63d0\u3002\uff08\u8cb7\u53ce\u30d5\u30a1\u30f3\u30c9\u306b\uff09\u8db3\u308a\u306a\u3044\u30d4\u30fc\u30b9\u3092\u57cb\u3081\u308b\u306e\u3092\u624b\u4f1d\u3063\u3066\u3082\u3089\u3046\u671f\u5f85\u611f\u306f\u3042\u308b\u300d<\/span><\/p>\n<p><a href=\"https:\/\/news.yahoo.co.jp\/articles\/93f32e4d541aae4a1ea62f3b7aa908a02f483048\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u5f15\u7528\u5143\uff1a\u5bcc\u58eb\u30bd\u30d5\u30c8\u3001\u300c\u72ec\u7acb\u7cfb\u300d\u7d99\u7d9a\u3000\u7c73\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\uff12\u793e\u304b\u3089\u8cb7\u53ce\u63d0\u6848\u3000\u793e\u9577\u306f\u518d\u4e0a\u5834\u3092\u660e\u8a00\uff08\u30ab\u30ca\u30ed\u30b3 by \u795e\u5948\u5ddd\u65b0\u805e\uff09 &#8211; Yahoo!\u30cb\u30e5\u30fc\u30b9<\/span><\/a><\/p>\n<h3><span style=\"font-weight: 400;\">KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u4e89\u596a\u6226<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u4e89\u596a\u6226\u306f\u30012023\u5e749\u67085\u65e5\u3067KKR\u306f1\u682a\u3042\u305f\u308a8,800\u5186\u3067TBO\u3092\u958b\u59cb\u3057\u300111\u67085\u65e5\u306b\u306f\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u306e35\uff05\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bfe\u3057\u3066\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u300110\u670811\u65e5\u306b\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u30921\u682a9,450\u5186\u3067TOB\u3059\u308b\u610f\u601d\u3092\u516c\u8868\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">KKR\u306f\u30012\u56de\u76ee\u306eTOB\u3092\u5b9f\u65bd\u3059\u308b\u76f4\u524d\u306e11\u670815\u65e5\u306b\u3001<strong>\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u3088\u308a1\u5186\u9ad8\u30441\u682a9,451\u5186\u307e\u3067\u8cb7\u3044\u4ed8\u3051\u4fa1\u683c\u3078\u3068\u5f15\u304d\u4e0a\u3052\u3066\u3044\u307e\u3059<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u30012023\u5e7411\u6708\u4e0a\u65ec\u306b\u6cd5\u7684\u62d8\u675f\u529b\u306e\u3042\u308b\u63d0\u6848\u3092\u884c\u3046\u610f\u5411\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u5275\u696d\u8005\u306e\u91ce\u6ca2\u5b8f\u6c0f\u306e\u652f\u6301\u3092\u5f97\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2\u793e\u306e\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u9b45\u529b\u306b\u6ce8\u76ee\u3057\u3001\u81ea\u3089\u306e\u9663\u55b6\u306b\u52a0\u3048\u3088\u3046\u3068\u71be\u70c8\u306a\u4e89\u596a\u6226\u3092\u7e70\u308a\u5e83\u3052\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4eca\u5f8c\u3001<strong>\u3069\u3061\u3089\u306e\u30d5\u30a1\u30f3\u30c9\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u3092\u8cb7\u53ce\u3057\u3066\u3082\u3001\u682a\u4fa1\u304c\u5909\u52d5\u3057\u6295\u8cc7\u5e02\u5834\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b<\/strong>\u898b\u8fbc\u307f\u3067\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u516c\u958b\u8cb7\u4ed8\u306e\u4ed5\u7d44\u307f<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u305d\u3082\u305d\u3082\u516c\u958b\u8cb7\u3044\u4ed8\u3051\u3068\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u7d4c\u55b6\u6a29\u53d6\u5f97\u3092\u76ee\u7684\u306b\u3001<strong>\u682a\u5f0f\u306e\u8cb7\u3044\u4ed8\u3051\u4fa1\u683c\u3084\u671f\u9593\u3001\u682a\u5f0f\u6570\u306a\u3069\u544a\u77e5\u3057\u53d6\u5f15\u6240\u5916\u3067\u591a\u304f\u306e\u682a\u4e3b\u304b\u3089\u5927\u91cf\u306b\u8cb7\u4ed8\u3051\u308b\u624b\u6cd5<\/strong>\u3092\u6307\u3057\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TBO\u306e\u4e3b\u306a\u76ee\u7684\u306f\u3001\u5bfe\u8c61\u4f01\u696d\u306e\u7d4c\u55b6\u6a29\u53d6\u5f97\u3084\u5b50\u4f1a\u793e\u5316\u3067\u3042\u308a\u3001\u6b21\u306e\u624b\u9806\u306b\u6cbf\u3063\u3066\u5b9f\u65bd\u3057\u307e\u3059\u3002<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u516c\u958b\u8cb7\u4ed8\u8005\u304c\u300c\u516c\u958b\u8cb7\u4ed8\u516c\u544a\u300d\u3092\u884c\u3046<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u5bfe\u8c61\u4f01\u696d\u304c\u300c\u516c\u958b\u8cb7\u4ed8\u3051\u306b\u5bfe\u3059\u308b\u610f\u898b\uff08\u610f\u898b\u8868\u660e\u5831\u544a\u66f8\uff09\u300d\u3092\u63d0\u51fa\u3059\u308b<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u682a\u4e3b\u304c\u8cb7\u4ed8\u671f\u9593\u4e2d\u306b\u58f2\u5374\u3092\u691c\u8a0e\u30fb\u5b9f\u884c\u3059\u308b<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">TOB\u306e\u7d50\u679c\u304c\u51fa\u308b<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">\u516c\u958b\u8cb7\u3044\u4ed8\u3051\u671f\u9593\u4e2d\u3067\u3042\u308c\u3070\u3001<strong>\u3044\u3064\u3067\u3082\u5fdc\u52df\u30fb\u64a4\u56de\u304c\u53ef\u80fd<\/strong>\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u3088\u308a\u826f\u3044\u6761\u4ef6\u306e\u516c\u958b\u8cb7\u3044\u4ed8\u3051\u304c\u5b9f\u65bd\u3055\u308c\u305f\u5834\u5408\u3001\u682a\u4e3b\u306f\u81ea\u8eab\u306e\u5224\u65ad\u3067\u5148\u884c\u3059\u308b\u516c\u958b\u8cb7\u3044\u4ed8\u3051\u3092\u64a4\u56de\u3057\u305f\u3046\u3048\u3067\u3001\u3088\u308a\u826f\u3044\u6761\u4ef6\u3067\u5fdc\u52df\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u975e\u516c\u958b\u5316\u306e\u610f\u56f3<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u4eca\u56de\u306e\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u306e\u4e89\u596a\u6226\u304c\u7e70\u308a\u5e83\u3052\u3089\u308c\u3066\u3044\u308b\u80cc\u666f\u306b\u306f\u3001\u682a\u5f0f\u975e\u516c\u958b\u5316\u306e\u610f\u56f3\u304c\u95a2\u4fc2\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u3001<strong>\u610f\u601d\u6c7a\u5b9a\u306e\u8fc5\u901f\u5316\u3084\u7d4c\u55b6\u6226\u7565\u306e\u81ea\u7531\u5316\u306a\u3069\u3092\u72d9\u3063\u3066\u3001\u682a\u5f0f\u3092\u975e\u516c\u958b\u5316<\/strong>\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u3001\u5275\u696d\u8005\u306e\u6307\u793a\u3092\u5f97\u3066\u9577\u671f\u7684\u306a\u6210\u9577\u6226\u7565\u3092\u63cf\u3053\u3046\u3068\u6a21\u7d22\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u304b\u3089\u3059\u308b\u3068\u3001\u7d4c\u55b6\u6a29\u3092\u682a\u4e3b\u304b\u3089\u53d6\u308a\u623b\u3059\u305f\u3081\u306b\u682a\u5f0f\u3092\u975e\u516c\u958b\u5316\u3057\u305f\u305f\u3081\u3001\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u304b\u3089\u306e\u63d0\u6848\u306b\u3082\u6ce8\u76ee\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u3001\u682a\u4e3b\u306e\u5727\u529b\u304b\u3089\u89e3\u653e\u3055\u308c\u3001\u9769\u65b0\u6280\u8853\u306e\u958b\u767a\u3084\u65b0\u898f\u5e02\u5834\u306e\u958b\u62d3\u306b\u96c6\u4e2d\u3067\u304d\u308b\u74b0\u5883\u3092\u6574\u3048\u308b\u305f\u3081\u306b\u682a\u5f0f\u3092\u975e\u516c\u958b\u5316\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u304b\u3089\u5b66\u3076\u5c02\u9580\u7528\u8a9e<\/span><\/h2>\n<img decoding=\"async\" class=\"aligncenter wp-image-6868 size-full\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/30894073_s-min.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/30894073_s-min.jpg 660w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/30894073_s-min-300x200.jpg 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/30894073_s-min-485x323.jpg 485w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u3092\u8abf\u3079\u3066\u3044\u308b\u3046\u3061\u306b\u3001\u7d20\u4eba\u76ee\u306b\u306f\u300c\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u304b\u308f\u304b\u3089\u306a\u3044\u5c02\u9580\u7528\u8a9e\u300d\u304c\u591a\u304f\u767b\u5834\u3059\u308b\u3067\u3057\u3087\u3046\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u8cb7\u53ce\u63d0\u6848\u306b\u3064\u3044\u3066\u8abf\u3079\u308b\u969b\u306b\u3001\u3088\u304f\u767b\u5834\u3059\u308b\u5c02\u9580\u7528\u8a9e\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>TOB<\/strong><\/span><\/li>\n<li style=\"font-weight: 400;\"><strong>MBO<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u4e0a\u8a18\u306e\u5c02\u9580\u7528\u8a9e\u3092\u78ba\u8a8d\u3057\u3066\u3001\u8cb7\u53ce\u63d0\u6848\u306b\u3064\u3044\u3066\u7406\u89e3\u3092\u6df1\u3081\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">TOB<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">TOB\u3068\u306f\u3001\u300cTakeover Bid\uff08\u682a\u5f0f\u516c\u958b\u8cb7\u3044\u4ed8\u3051\uff09\u300d\u306e\u7565\u79f0\u3067\u3001<strong>\u5bfe\u8c61\u4f01\u696d\u306e\u7d4c\u55b6\u6a29\u3092\u53d6\u5f97\u3059\u308b\u305f\u3081\u306b\u682a\u5f0f\u306e\u8cb7\u3044\u53d6\u308a\u3092\u544a\u77e5\u3057\u3001\u53d6\u5f15\u6240\u5916\u3067\u591a\u304f\u306e\u682a\u4e3b\u304b\u3089\u682a\u5f0f\u3092\u8cb7\u3044\u4ed8\u3051\u308b\u624b\u6cd5<\/strong>\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u4f01\u696d\u306e\u682a\u5f0f\u3092\u4e00\u5b9a\u6570\u4fdd\u6709\u3059\u308b\u3053\u3068\u3067\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u6a29\u5229\u3092\u53d6\u5f97\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<div class=\"table-scroll\"><table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u6301\u3061\u682a\u6bd4\u7387<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u4fdd\u6709\u6a29\u5229<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">100\uff05<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u5b8c\u5168\u5b50\u4f1a\u793e\u5316\u3001\u3059\u3079\u3066\u81ea\u5206\u306e\u610f\u601d\u3067\u6c7a\u5b9a\u3067\u304d\u308b<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">66.7\uff05\u4ee5\u4e0a\uff08\u5168\u682a\u5f0f\u306e2\/3\u4ee5\u4e0a\uff09<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u682a\u4e3b\u7dcf\u4f1a\u306e\u7279\u5225\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u6210\u7acb\u3055\u305b\u3089\u308c\u308b\uff08\u4f1a\u793e\u306e\u5408\u4f75\u3001\u4e8b\u696d\u8b72\u6e21\u306e\u627f\u8a8d\u306a\u3069\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">50.1\uff05\u8d85\uff08\u5168\u682a\u5f0f\u306e1\/2\u8d85\uff09<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u682a\u4e3b\u7dcf\u4f1a\u306e\u666e\u901a\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u6210\u7acb\u3055\u305b\u3089\u308c\u308b<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\uff08\u53d6\u7de0\u5f79\u306e\u9078\u4efb\u3084\u89e3\u4efb\u3001\u914d\u5f53\u306a\u3069\uff09<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">33.4\uff05\u4ee5\u4e0a\uff08\u5168\u682a\u5f0f\u306e1\/3\u4ee5\u4e0a\uff09<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u682a\u4e3b\u7dcf\u4f1a\u306e\u7279\u5225\u6c7a\u8b70\u3092\u5358\u72ec\u3067\u963b\u6b62\u3067\u304d\u308b<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3\uff05\u4ee5\u4e0a<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u682a\u4e3b\u7dcf\u4f1a\u306e\u62db\u96c6\u3001\u4f1a\u793e\u306e\u5e33\u7c3f\u306a\u3069\u3001\u7d4c\u55b6\u8cc7\u6599\u306e\u95b2\u89a7\u304c\u3067\u304d\u308b<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1\uff05<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u682a\u4e3b\u7dcf\u4f1a\u306b\u304a\u3051\u308b\u8b70\u6848\u63d0\u51fa\u6a29<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">TOB\u3067\u306f\u3001\u8cb7\u3044\u4ed8\u3051\u4fa1\u683c\u3084\u682a\u6570\u30fb\u671f\u9593\u3092\u3042\u3089\u304b\u3058\u3081\u6c7a\u3081\u3066\u8cb7\u53ce\u3059\u308b\u305f\u3081\u3001<strong>\u5e02\u5834\u5909\u52d5\u306e\u5f71\u97ff\u3092\u53d7\u3051\u307e\u305b\u3093<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u901a\u5e38\u306e\u53d6\u5f15\u5e02\u5834\u3092\u901a\u3058\u3066\u8cb7\u3044\u4ed8\u3051\u308b\u5834\u5408\u306f\u3001\u682a\u4fa1\u306e\u5909\u52d5\u306b\u3088\u3063\u3066\u60f3\u5b9a\u5916\u306e\u30b3\u30b9\u30c8\u3068\u6642\u9593\u304c\u304b\u304b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001TOB\u306f\u4e88\u7b97\u3068\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u5185\u3067\u682a\u5f0f\u3092\u8cb7\u53ce\u3067\u304d\u308b\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u305f\u3060\u3057\u3001TOB\u3067\u306f\u5e02\u5834\u4fa1\u683c\u306b\u30d7\u30ec\u30df\u30a2\u30e0\u5206\u3092\u4e0a\u4e57\u305b\u3057\u305f\u4fa1\u683c\u304c\u8a2d\u5b9a\u3055\u308c\u308b\u305f\u3081\u3001\u53d6\u5f15\u5e02\u5834\u3088\u308a\u8cb7\u53ce\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308b\u70b9\u304c\u30c7\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">MBO<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">MBO\u3068\u306f\u3001\u300cManagement Buyout\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30a2\u30a6\u30c8\uff09\u300d\u306e\u7565\u79f0\u3067M&amp;A\u306e\u4e00\u7a2e\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5177\u4f53\u7684\u306b\u306f\u3001\u4f01\u696d\u306e\u7d4c\u55b6\u5c64\u304c\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3084\u91d1\u878d\u6a5f\u95a2\u3092\u901a\u3058\u3066\u8cc7\u91d1\u8abf\u9054\u3092\u884c\u3044\u3001<strong>\u682a\u4e3b\u304b\u3089\u81ea\u793e\u306e\u682a\u5f0f\u3092\u8cb7\u3044\u53d6\u308b\u3053\u3068\u3067\u3001\u7d4c\u55b6\u6a29\u3092\u53d6\u5f97\u3059\u308b<\/strong>\u3053\u3068\u3092\u6307\u3057\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MBO\u306b\u3088\u3063\u3066<strong>\u4e0a\u5834\u682a\u5f0f\u3092\u53d6\u5f97\u3059\u308b\u5834\u5408\u3001TBO\u3092\u5b9f\u65bd\u3059\u308b\u30b1\u30fc\u30b9\u304c\u4e00\u822c\u7684<\/strong>\u3067\u3059\u3002<br \/>\n<\/span><span style=\"font-weight: 400;\">MBO\u306f\u3001\u7d4c\u55b6\u5c64\u304c\u5bfe\u8c61\u4f01\u696d\u3092\u8cb7\u53ce\u3059\u308b\u3053\u3068\u3092\u6307\u3057\u3001TBO\u306f\u5bfe\u8c61\u4f01\u696d\u3092\u516c\u958b\u8cb7\u3044\u4ed8\u3051\u306b\u3088\u3063\u3066\u8cb7\u53ce\u3059\u308b\u65b9\u6cd5\u3092\u6307\u3057\u307e\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3068\u306f\u3001<strong>\u6570\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u8cc7\u91d1\u3092\u96c6\u3081\u3066\u3001\u682a\u5f0f\u3084\u50b5\u6a29\u306a\u3069\u3078\u6295\u8cc7\u3057\u3066\u904b\u7528\u3059\u308b<\/strong>\u3053\u3068\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u904b\u7528\u306b\u3088\u3063\u3066\u5f97\u3089\u308c\u305f\u5229\u76ca\u3092\u6295\u8cc7\u5bb6\u305f\u3061\u306b\u9084\u5143\u3059\u308b\u3053\u3068\u3067\u3001\u6295\u8cc7\u8cc7\u91d1\u3092\u53ce\u96c6\u3057\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u65e5\u672c\u8a9e\u3067\u306f\u6295\u8cc7\u4fe1\u8a17\u3068\u3082\u8a33\u3055\u308c\u3001\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u306b\u53c2\u52a0\u3057\u305fKKR\u3084\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u3001\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3092\u5b9f\u65bd\u3059\u308b\u6295\u8cc7\u4f01\u696d\u3067\u3059\u3002<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u304c\u4e0e\u3048\u308b\u5f71\u97ff<\/span><\/h2>\n<img decoding=\"async\" class=\"aligncenter wp-image-6869 size-full\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/4669864_s-min.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/4669864_s-min.jpg 660w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/4669864_s-min-300x200.jpg 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/4669864_s-min-485x323.jpg 485w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u304c\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u7406\u7531\u306f\u3001<strong>\u5e02\u5834\u3068\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u304c\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b<\/strong>\u304b\u3089\u3067\u3059\u3002<br \/>\n<\/span><span style=\"font-weight: 400;\">KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb<strong>\u3069\u3061\u3089\u306eTBO\u304c\u6210\u7acb\u3057\u3066\u3082\u3001\u5e02\u5834\u3068\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u306f\u907f\u3051\u3089\u308c\u307e\u305b\u3093<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u682a\u5f0f\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u65b9\u306f\u3001\u8cb7\u53ce\u63d0\u6848\u3067\u751f\u3058\u308b\u5f71\u97ff\u3068\u3001\u4eca\u5f8c\u306e\u5c55\u958b\u4e88\u60f3\u3092\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u5e02\u5834\u3068\u7d4c\u6e08\u3078\u306e\u5f71\u97ff<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u306b\u3088\u3063\u3066\u3001\u682a\u4fa1\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u3002<br \/>\n<\/span><span style=\"font-weight: 400;\">KKR\u304cTBO\u3092\u767a\u8868\u3057\u305f\u5f8c\u3001\u6025\u9a30\u3057\u3066\u3044\u305f\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u682a\u4fa1\u306f\u4e00\u6642\u7684\u306b\u9ad8\u6b62\u307e\u308a\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u3053\u308c\u306fKKR\u304c\u63d0\u793a\u3057\u305f\u8cb7\u3044\u4ed8\u3051\u4fa1\u683c\u3092\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u304c\u4e0a\u56de\u308b\u4fa1\u683c\u3067TBO\u3092\u63d0\u6848\u3059\u308b\u3068\u3001<strong>\u6295\u8cc7\u5bb6\u305f\u3061\u304c\u3055\u3089\u306a\u308b\u4e0a\u6607\u3092\u671f\u5f85\u3057\u3066\u3044\u305f<\/strong>\u305f\u3081\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u307e\u305f\u3001KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u3068\u3044\u3046\u4e8c\u5927\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u3092\u4e89\u596a\u3059\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001<strong>\u4ed6\u306e\u6295\u8cc7\u5bb6\u3084\u4f01\u696d\u304c\u65e5\u672c\u5e02\u5834\u306e\u6f5c\u5728\u529b\u3092\u518d\u8a55\u4fa1\u3057\u3066\u3044\u307e\u3059<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u7279\u306b\u3001\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u3088\u3046\u306b\u72ec\u7acb\u7cfb\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u958b\u767a\u4f01\u696d\u304c\u3001\u4eca\u5f8c\u306eM&amp;A\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u306b\u3088\u3063\u3066\u3001\u682a\u4fa1\u306e\u4e0a\u6607\u3060\u3051\u3067\u306a\u304fM&amp;A\u5e02\u5834\u3067\u306e\u65e5\u672c\u4f01\u696d\u304c\u518d\u8a55\u4fa1\u3055\u308c\u3001\u4f01\u696d\u5074\u306fM&amp;A\u306b\u5099\u3048\u305f\u5bfe\u7b56\u304c\u6c42\u3081\u3089\u308c\u308b\u898b\u8fbc\u307f\u3067\u3059\u3002<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">\u4e88\u60f3\u3055\u308c\u308b\u4eca\u5f8c\u306e\u5c55\u958b<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u306f\u3001\u7b2c1\u56de\u306eTBO\u304c2024\u5e749\u67085\u65e5\u301c11\u67085\u65e5\u3001\u7b2c2\u56de\u304c2024\u5e7411\u670820\u65e5\u301c12\u670819\u65e5\u306e\u671f\u9593\u306b\u5b9f\u65bd\u3055\u308c\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">1\u5186\u5358\u4f4d\u306e\u8cb7\u3044\u4ed8\u3051\u4fa1\u683c\u3092\u3081\u3050\u308b\u4e89\u596a\u6226\u3067\u3059\u304c\u3001<strong>\u682a\u4e3b\u306e\u610f\u5411\u3084\u5e02\u5834\u52d5\u5411\u3001\u6700\u7d42\u7684\u306b\u306f\u682a\u4e3b\u7dcf\u4f1a\u3067\u3069\u3061\u3089\u306e\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u304c\u8a55\u4fa1\u3055\u308c\u308b\u304b\u306b\u3088\u3063\u3066\u5c55\u958b\u304c\u5909\u308f\u308a\u307e\u3059<\/strong>\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306f\u3001\u76ee\u6a19\u3067\u3042\u308b1\u5146\u5186\u4f01\u696d\u3092\u76ee\u6307\u3059\u305f\u3081\u306b\u3082\u3001\u9577\u671f\u7684\u306a\u8996\u70b9\u3067\u306e\u7d4c\u55b6\u5b89\u5b9a\u5316\u3068\u4fa1\u5024\u5275\u9020\u3092\u5b9f\u73fe\u3059\u308b\u7d4c\u55b6\u6226\u7565\u3092\u5b9f\u884c\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u3069\u3061\u3089\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u3092\u8cb7\u53ce\u3057\u3066\u3082\u3001\u6301\u7d9a\u53ef\u80fd\u306a\u6210\u9577\u3092\u5b9f\u73fe\u3059\u308b\u305f\u3081\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u30b7\u30c3\u30d7\u306e\u69cb\u7bc9\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u682a\u5f0f\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u65b9\u306f\u8cb7\u53ce\u63d0\u6848\u306e\u52d5\u5411\u3092\u30c1\u30a7\u30c3\u30af\u3057\u3088\u3046<\/span><\/h2>\n<img decoding=\"async\" class=\"aligncenter wp-image-6870 size-full\" src=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/23054901_s-min.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/23054901_s-min.jpg 660w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/23054901_s-min-300x200.jpg 300w, https:\/\/paradigm-shift.co.jp\/media\/wp-content\/uploads\/2024\/12\/23054901_s-min-485x323.jpg 485w\" sizes=\"(max-width: 660px) 100vw, 660px\" \/>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u8cb7\u53ce\u63d0\u6848\u306b\u3088\u3063\u3066\u3001\u682a\u4fa1\u3068M&amp;A\u5e02\u5834\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">KKR\u3068\u30d9\u30a4\u30f3\u30ad\u30e3\u30d4\u30bf\u30eb\u3069\u3061\u3089\u304c\u5bcc\u58eb\u30bd\u30d5\u30c8\u682a\u3092\u8cb7\u53ce\u3057\u3066\u3082\u3001<strong>\u682a\u4e3b\u3084\u4e16\u754c\u4e2d\u306e\u6295\u8cc7\u5bb6\u305f\u3061\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u306f\u5927\u304d\u3044<\/strong>\u3067\u3059\u3002<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u5bcc\u58eb\u30bd\u30d5\u30c8\u306e\u682a\u5f0f\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u65b9\u306f\u3001\u8cb7\u53ce\u63d0\u6848\u306e\u52d5\u5411\u3092\u30c1\u30a7\u30c3\u30af\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/span><\/p>\n<p><span style=\"font-weight: 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