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Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan

The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told Bloomberg.
The Shibuya 109 fashion building in Tokyo, which reopened in June 2020 after closing due to the pandemic. Kyodo News via Getty Images.
Goldman Sachs Asset Management provided the five-year loan to a special purpose vehicle, anonymous sources said. (Kyodo News)
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The shareholders of Japanese personal care business Finetoday Holdings Co. will receive dividend payouts funded by a $350 million private credit loan, after the company shelved plans for an initial public offering, according to people familiar with the matter.

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