M&A Deal Summary

EQT Private Capital Asia Acquires Pioneer

On December 7, 2018, private equity firm EQT Private Capital Asia acquired technology hardware company Pioneer for 102.0B JPY

Acquisition Highlights
  • This is EQT Private Capital Asia’s 1st transaction in the Technology Hardware sector.
  • This is EQT Private Capital Asia’s 14th largest (disclosed) transaction.
  • This is EQT Private Capital Asia’s 5th transaction in Japan.
Investment Fate
  • Pioneer was sold to a strategic buyer in 2025 for 1.1B USD.

M&A Deal Summary

Date 2018-12-07
Target Pioneer
Sector Technology Hardware
Buyer(s) EQT Private Capital Asia
Deal Type Going Private
Deal Value 102.0B JPY
Advisor(s) Nomura Investment Bank (Financial)
Nagashima Ohno & Tsunematsu (Legal)

Target

Pioneer

Tokyo , Japan
Pioneer is a global manufacturer based on its core car electronics business. In addition to the development of advanced technologies such as 3D-LiDAR sensors and an HD map for autonomous driving, Pioneer is working to create safe, reliable, comfortable, and fun in-car environments for the autonomous driving society of the near future, by providing new in-car entertainment services. Pioneer was established in 1947 and is headquartered in Tokyo, Japan.

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Buyer(S) 1

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 41 of 69
Sector: Technology Hardware M&A 1 of 1
Type: Going Private M&A Deals 6 of 11
Country: Japan M&A 5 of 6
Year: 2018 M&A 6 of 6
Size (of disclosed) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Clarivate

London, United Kingdom

Clarivate is a provider of solutions to accelerate the lifecycle of innovation. Clarivate's bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. Clarivate was founded in 1864 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 AGS Health

Washington, District of Columbia, United States

AGS Health is an analytics driven, technology enabled Revenue Cycle Management (RCM) company providing medical billing, medical coding and healthcare analytics services to healthcare providers across the US. AGS Health was formed in 2011 and is based in Washington, DC.

Buy -