Goldman Sachs Group said April 19 that it will buy just over 18% of Tokyo-based Usen for ¥25 billion ($211.6 million), making it the Japanese cable-and-Internet company's second-largest shareholder.

The New York-based brokerage will buy 24.51 million newly issued Usen shares for ¥1,020 ($8.63) each, giving it an 18.07% stake.

In a statement, Usen said it is selling the stake to Goldman Sachs in order to settle its outstanding debt to financial institutions.

Usen's top shareholder is the company's president, Yasuhide Uno, who owns a 44.53% stake.