Baring Private Equity Asia and ONKYO Corporation (JASDAQ:6628) signed a basic agreement to acquire an unknown majority stake in Pioneer Home Electronics Corporation from Pioneer Corporation (TSE:6773) on June 24, 2014. Baring Private Equity Asia will acquire 51% stake in Pioneer Home Electronics Corporation and remaining 49% will be divided between ONKYO and Pioneer. In 2013, Pioneer Home Electronics Corporation had sales of ¥108 billion. The final agreement is expected to be signed by the end of August 2014.

Baring Private Equity Asia and ONKYO Corporation (JASDAQ:6628) cancelled to acquire an unknown majority stake in Pioneer Home Electronics Corporation from Pioneer Corporation (TSE:6773) on September 12, 2014.