M&A Deal Summary

Bando Chemical Industries Acquires Aimedic MMT

On April 5, 2019, Bando Chemical Industries acquired medical products company Aimedic MMT from Polaris Capital Group

Acquisition Highlights
  • This is Bando Chemical Industries’ 1st transaction in the Medical Products sector.
  • This is Bando Chemical Industries’ 1st transaction in Japan.

M&A Deal Summary

Date 2019-04-05
Target Aimedic MMT
Sector Medical Products
Buyer(s) Bando Chemical Industries
Sellers(s) Polaris Capital Group
Deal Type Add-on Acquisition

Target

Aimedic MMT

Tokyo, Japan
Aimedic MMT manufactures medical devices and instruments for orthopedics to treat knee, shoulder, elbow and hip joints. Aimedic MMT was founded in 1987 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Bando Chemical Industries

Kobe, Japan

Category Company
Founded 1906
Sector Manufacturing
Employees4,023
Revenue 108.3B JPY (2024)
DESCRIPTION

Bando Chemical Industries manufactures and markets belts and belt-related products in Japan, China, rest of Asia, Europe, America, and internationally. The company operates through three segments: Automotive Parts Business, Industrial Products Business, and Advanced Elastomer Products Business. Bando Chemical Industries was founded in 1906 and is headquartered in Kobe, Japan.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Japan) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER
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 19 of 23
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 10 of 10
Country (Japan) 19 of 23
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 LYKAON

Tokyo, Japan

LYKAON is a developer and seller of SEO software and retail theft (shoplifting) prevention system based on face recognition technology. LYKAON is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 i-PRO

Tokyo, Japan

i-PRO specializes in development, manufacturing, sales, system integration, installation, overhaul and maintenance of equipment and modules for the security, medical, and industrial sectors, as well as providing various solutions related to these areas. i-PRO was founded in 2019 and is based in Tokyo, Japan.

Buy -