M&A Deal Summary

Bain Capital Private Equity, Japan Industrial Partners and CPP Investments Acquire Proterial

On April 28, 2021, private equity firm Bain Capital Private Equity, private equity firm Japan Industrial Partners and pension CPP Investments acquired metals/mining company Proterial

Acquisition Highlights
  • This is Bain Capital Private Equity’s 1st, Japan Industrial Partners’ 2nd and CPP Investments’ 1st transaction in the Metals/Mining sector.
  • This is Bain Capital Private Equity’s 10th, Japan Industrial Partners’ 9th and CPP Investments’ 3rd transaction in Japan.

M&A Deal Summary

Date 2021-04-28
Target Proterial
Sector Metals/Mining
Buyer(s) Bain Capital Private Equity
Japan Industrial Partners
CPP Investments
Deal Type Going Private
Advisor(s) Nishimura & Asahi (Legal)

Target

Proterial

Tokyo, Japan
Proterial engages in manufacturing and marketing of high-grade metal products and materials, electronics and information technology (IT) devices. Proterial was founded in 1910 and is based in Tokyo, Japan.

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Buyer(S) 3

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 199 of 253
Sector: Metals/Mining M&A 1 of 1
Type: Going Private M&A Deals 20 of 25
Country: Japan M&A 10 of 15
Year: 2021 M&A 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Dessert Holdings

St. Paul, Minnesota, United States

Dessert Holdings is a dessert company, recognized for providing its retail and foodservice customers with chef-inspired innovative desserts made with real ingredients, a flexible and low-cost supply chain, and best-in-class service. It is an umbrella organization of three premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. Together, the companies serve more than 250 customers in the United States, Canada, Mexico, the Caribbean, South America and Asia. Dessert Holdings was founded in 1979 and is based in St. Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Valeo Foods

Dublin, Ireland

Valeo Foods is a producer and innovator of branded food products including Jacobs, Rowse, Kettle, Odlums, Barratt and Balconi, among others, across various categories and channels. Valeo Foods was founded in 1845 and is based in Dublin, Ireland.

Buy -
DESCRIPTION

Japan Industrial Partners is a private investment firm focused on acquisitions of companies operating in basic industries throughout Japan. Japan Industrial Partners was established in 2000 and is headquartered in Tokyo.


DEAL STATS #
Overall 10 of 12
Sector: Metals/Mining M&A 2 of 2
Type: Going Private M&A Deals 1 of 2
Country: Japan M&A 9 of 11
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-24 OM Digital Solutions

Tokyo, Japan

OM Digital Solutions is involved in the manufacture, sales, repair and rental of digital cameras (primarily mirrorless interchangeable lens cameras), interchangeable lenses, audio products including IC recorders and binoculars. OM Digital Solutions is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Tama Electronics

Kanagawa-ken, Japan

Tama Electronics is a manufacturer of mobile batteries, charging cables, and other smartphone-related devices. Tama Electronics was founded in 1976 and is based in Kanagawa-ken, Japan.

Buy -
Buyer
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 114 of 176
Sector: Metals/Mining M&A 1 of 1
Type: Going Private M&A Deals 18 of 34
Country: Japan M&A 3 of 8
Year: 2021 M&A 11 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Proofpoint

Sunnyvale, California, United States

Proofpoint is a security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. Proofpoint was founded in 2002 and is based in Sunnyvale, California.

Buy $12.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-01 Zenex AH

Ahmedabad, India

Zenex AH has been a pioneer in product development with an objective to serve veterinary and farming fraternities with better solutions. Zenex AH holds infleunsive footings in antimicrobials, vitamin injections, anti-mastitis, corticosteroids, hormones and intra-mammary segments whilst having a noteable standing in nutritional feed supplements, poultry vaccines, growth promoters, anti-coccidials, and others. Zenex AH was founded in 2021 and is based in Ahmedabad, Gujarat.

Buy -