M&A Deal Summary

Polaris Capital Group and Karita and Company Acquire Works Applications

On April 1, 2011, private equity firms Polaris Capital Group and Karita and Company acquired software company Works Applications

Acquisition Highlights
  • This is Polaris Capital Group’s 1st and Karita and Company’s 1st transaction in the Software sector.
  • This is Polaris Capital Group’s 10th and Karita and Company’s 1st transaction in Japan.

M&A Deal Summary
Date 2011-04-01
Target Works Applications
Sector Software
Buyer(s) Polaris Capital Group
Karita and Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Works Applications

Tokyo, Japan
website
Works Applications Co., Ltd. development, sales, and after-sales support for COMPANY, an ERP package software series for large firms.

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Buyer(S) 2

Buyer

Polaris Capital Group

Tokyo, Japan

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Polaris Capital Group is a private equity firm focused on mid-sized opportunities throughout Japan. Polaris generally seeks manufacturing companies with competitive technologies/processes, but the Firm will also consider consumer goods, retail, logistics and other service based businesses possessing strong brands or unique business models with potential to expand. Prospective transaction situations of interest include business successions and corporate carve-outs. Polaris Capital Group was formed in 2004 and is headquartered in Tokyo.

DEAL STATS #
Overall 10 of 31
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 15
Country (Japan) 10 of 30
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Aucnet

Tokyo, Japan

Aucnet, Inc. is a provider of auction/distribution support services for business operators in the fields of used cars, motorcycles, flowers,PC and other items.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 Smile

Tokyo, Japan

Smile Corp. is a provider of packaging materials, fresh foods, flowers, wines, furniture, cosmetics, and other miscellaneous goods.

Sell -
Buyer

Karita and Company

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Karita and Company is a private equity firm focused on investment opportunities throughout Japan. Karita was formed in 2007 and is headquartered in Tokyo.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 3
Country (Japan) 1 of 4
Year (2011) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Simplex

Japan

Simplex is an integrated software and system solution providers of core front-end dealing systems and middle-office risk management solutions to Japanese financial institutions.

Buy -
Mergr

Product

Company

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