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M&A Deal Summary

ABICO GROUP Acquires SOL-PLUS Co.

On August 30, 2019, ABICO GROUP acquired plastics company SOL-PLUS Co. from Longreach Group

Acquisition Highlights
  • This is ABICO GROUP’s 1st transaction in the Plastics sector.
  • This is ABICO GROUP’s 1st transaction in Japan.

M&A Deal Summary
Date 2019-08-30
Target SOL-PLUS Co.
Sector Plastics
Buyer(s) ABICO GROUP
Sellers(s) Longreach Group
Deal Type Add-on Acquisition

Target

SOL-PLUS Co.

Tokyo, Japan
SOL-PLUS Co., Ltd. is a plastic parts production business with strong operational capabilities in mold design, tooling and manufacturing, and in mass production of plastic parts using its molds. Sol-Plus manufactures plastic parts used in products such as car electronics and other auto parts as well as in consumer applications. SOL-PLUS was established in 1997 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

ABICO GROUP

Taiwan
Category Company
Sector Diversified
DESCRIPTION

ABICO GROUP is a conglomerate with operations in the optical and electrical precision manufacturing areas and an extensive business network in the Asia-Pacific region.

DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Longreach Group

Tokyo, Japan
Category Private Equity Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Longreach Group is an independent private equity firm focused on opportunities in Japan and North Asia. The Firm looks to invest as a control or minority investor in businesses operating in the technology, industrial, financial services, business services, and consumer-related sectors. Longreach targets transactions valued from $50 million to $1 billion where the Firm can invest from $30 million to $200 million. The Longreach Group was formed in 2003 and has offices in Tokyo and Hong Kong.

DEAL STATS #
Overall 5 of 9
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Japan M&A 5 of 8
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-15 NOC Outsourcing & Consulting Co.

Tokyo, Japan

NOC Outsourcing & Consulting Co., Ltd. is a comprehensive business process outsourcing (“BPO”) company providing a wide range of BPO services to a diversified customer base. These services range from administrative support (e.g. general affairs, HR, accounting, finance and payroll) to back-office support (e.g. CRM, fulfillment and logistics). NOC was formed in 1997 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 C-United

Tokyo, Japan

C-United is a coffee shop chain brand, operating more than 190 stores across Japan mainly under the brand of “Caffè Veloce”, a self-service style cafe. C-United was established in 1965 and is based in Tokyo, japan.

Buy -
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