M&A Deal Summary

Dai-ichi Life Acquires Rakuten Medical

On March 7, 2024, Dai-ichi Life acquired life science company Rakuten Medical

Acquisition Highlights
  • This is Dai-ichi Life’s 1st transaction in the Life Science sector.
  • This is Dai-ichi Life’s 2nd transaction in the United States.
  • This is Dai-ichi Life’s 1st transaction in California.

M&A Deal Summary
Date 2024-03-07
Target Rakuten Medical
Sector Life Science
Buyer(s) Dai-ichi Life
Deal Type Add-on Acquisition

Target

Rakuten Medical

San Diego, California, United States
Rakuten Medical is a global biotechnology company developing precision, cell-targeting investigational therapies on its IlluminoxTM platform, which, in preclinical studies have shown to lead to rapid and selective cell killing and tumor necrosis. Illuminox therapies have not yet been approved by any regulatory authority. Rakuten Medical was formed in 2010 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Dai-ichi Life

Tokyo, Japan
Category Company
Founded 1902
Sector Insurance
Employees59,495
Revenue 10.49T JPY (2024)
DESCRIPTION

Dai-ichi Life is a life insurance company. Dai-ichi offers underwriting of insurance policies, including personal insurance, individual annuity insurance, group insurance, group pension insurance, other insurances and reinsurance. Dai-ichi Life was founded in 1902 and is based in Tokyo, Japan.

DEAL STATS #
Overall 4 of 5
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Instalimb

Tokyo, Japan

Instalimb provides 3D-printed prosthetic legs by introducing 3D printing and machine-learning technologies. Instalimb is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Typica

Osaka, Japan

Typica operates an online platform that bridges coffee bean producers in developing countries with roasters in advanced countries, enabling direct trade of coffee beans between them. Typica is based in Osaka, Japan.

Buy -
Mergr

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