M&A Deal Summary

Tokyo Electric Power Company Holdings Acquires Asahi House

On June 14, 2024, Tokyo Electric Power Company Holdings acquired building materials company Asahi House from T Capital Partners

Acquisition Highlights
  • This is Tokyo Electric Power Company Holdings’ 1st transaction in the Building Materials sector.
  • This is Tokyo Electric Power Company Holdings’ 1st transaction in Japan.

M&A Deal Summary
Date 2024-06-14
Target Asahi House
Sector Building Materials
Buyer(s) Tokyo Electric Power Company Holdings
Sellers(s) T Capital Partners
Deal Type Add-on Acquisition

Target

Asahi House

Nagoya City, Japan
Asahi House leases and sells portable toilets and other temporary construction tools for construction sites and sells light temporary materials mainly for construction sites. Asahi House was formed in 1975 and is based in Nagoya City, Japan.

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Buyer(S) 1

Buyer

Tokyo Electric Power Company Holdings

Tokyo, Japan
Category Company
Founded 1951
Sector Utilities
Employees38,183
Revenue 6.92T JPY (2024)
DESCRIPTION

Tokyo Electric Power Company Holdings is engaged in generation, transmission, and distribution of electric power. Tokyo Electric Power was founded in 1951 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Japan) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-21 Zenobe

London, United Kingdom

Zenobe is a developer, owner, and operator of battery storage assets. Zenobe provides a range of energy storage services to National Grid Electricity Transmission with grid-scale batteries as well as charging solutions for EV bus operators and other applications. Zenobe was formed in 2017 and is based in London.

Buy -

Seller(S) 1

SELLER

T Capital Partners

Tokyo, Japan
Category Private Equity Firm
Founded 1991
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

T Capital Partners is a private equity firm focused on buyout and venture transactions in Japan. Within buyouts, the Firm looks to acquire controlling interests in established mid-cap companies with steady growth and strong market positions. T Capital will consider opportunities in a variety of sectors and generally partners with management when pursuing transactions. T Capital Partners was formed in 1991 and is based in Tokyo.

DEAL STATS #
Overall 10 of 10
Sector (Building Materials) 2 of 2
Type (Add-on Acquisition) 7 of 7
Country (Japan) 10 of 10
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 World Party

Osaka, Japan

World Party is a provider of umbrellas and rain goods with a key focus on umbrellas, and KiU, an outdoor brand, distributes products through a wide range of store sales networks and e-commerce in Japan and China. World Party was founded in 1985 and is based in Osaka, Japan.

Buy -
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