Japan Industrial Partners

Last updated
Japan Industrial Partners, Inc.
Type Private
Industry Private equity
Founded2002;21 years ago (2002)
Headquarters,
Japan
Key people
Hidemi Moue (CEO)
Subsidiaries
  • ITX Corp
  • Kyowa Hakko Chemical
  • Nippon Avionics
  • SunTelephone
  • Toshiba
  • Vaio
Website jipinc.com

Japan Industrial Partners, Inc. is a Japanese private equity firm, which is based in Tokyo. It was founded in 2002 with investment from firms including Mizuho Financial Group and Bain & Company. Its CEO is Hidemi Moue. [1] [2]

Contents

History

In 2007 Japan Industrial Partners bought SunTelephone with Bain Capital. In 2010 it bought Kyowa Hakko Chemical from Kyowa Hakko Kirin. [2]

In 2012 Japan Industrial partners bought the core operations of the telecommunications company ITX Corp from Olympus Corporation for $676 million. [3] [2]

In 2014 Japan Industrial partners bought the computer manufacturer Vaio from Sony. [1] [4] In 2020 Japan Industrial Partners bought Nippon Avionics from NEC, and changed the company's leadership. [1]

In 2020 the company bought the imaging arm of Olumpus. This was transferred to a new company, named OM Digital Solutions in 2022 as the deal only allowed the brand name to be used for a transitional period. [5]

In 2023 Japan Industrial Partners and 19 other companies, including Orix, Rohm and Chubu Electric Power, offered to buy Toshiba for US$15 billion, which was accepted by Toshiba's board in September. [6]

Operations

Japan Industrial Partners deals within the electronics industry, where they perform corporate carve-outs, buyouts, and spinouts. [2]

Japan Industrial Partners likes to keep a low profile and rarely attends interviews. It also does not hire restructuring consultants, and prefers to do it themselves. [1]

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References

  1. 1 2 3 4 Bridge, Anton; Yamazaki, Makiko (19 December 2023). "Focus: In buying Toshiba, a little-known fund takes on Japan Inc's toughest job". Reuters . Retrieved 20 December 2023.
  2. 1 2 3 4 Alden, William (2014-02-06). "Sony Turns to Investment Firm With a Taste for Unloved Assets". DealBook. Retrieved 2023-12-19.
  3. "CORRECTED-Olympus sells unit ITX to fund for $676 mln". Reuters . 24 August 2012. Retrieved 20 December 2023.
  4. Shu, Catherine (2014-02-06). "Sony To Exit PC Business By Selling VAIO". TechCrunch. Retrieved 2023-12-19.
  5. Shipton, Will (2022-11-02). "OM Digital Solutions splits from Olympus". Inside Imaging. Retrieved 2023-12-19.
  6. "Toshiba board accepts Japan Industrial Partners' $15 billion buyout proposal". CNBC. 2023-03-23. Retrieved 2023-12-19.