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M&A Deal Summary

freee K.K. Acquires Mikatus

On May 9, 2022, freee K.K. acquired internet software and services company Mikatus from Eight Roads for 2.1B JPY

Acquisition Highlights
  • This is freee K.K.’s 1st transaction in the Internet Software and Services sector.
  • This is freee K.K.’s 0th largest (disclosed) transaction.
  • This is freee K.K.’s 1st transaction in Japan.

M&A Deal Summary
Date 2022-05-09
Target Mikatus
Sector Internet Software and Services
Buyer(s) freee K.K.
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Deal Value 2.1B JPY

Target

Mikatus

Tokyo, Japan
Mikatus provides planning, development and sales of cloud services for tax accountants. The company provides software of mobile and computers for tax accountants. Mikatus was founded in 2009 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

freee K.K.

Tokyo, Japan
Category Company
Founded 2012
Sector Internet Software and Services
Employees1,722
Revenue 25.4B JPY (2024)
DESCRIPTION

freee K.K. is a technology company specializing in cloud-based software solutions, particularly for accounting and human resource management for small and medium-sized businesses. freee K.K. was founded in 2012 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.

DEAL STATS #
Overall 98 of 124
Sector: Internet Software and Services M&A 24 of 26
Type: Add-on Acquisition M&A Deals 45 of 59
Country: Japan M&A 8 of 9
Year: 2022 M&A 4 of 7
Size (of disclosed) 21 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Reveal

Paris, France

Reveal is the free platform for Partnership, Marketing, and Sales teams to generate revenue through their ecosystem. Reveal is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Invetx

Boston, Massachusetts, United States

Invetx has built an integrated, best-in-class discovery, development, and manufacturing platform to create fully species-specific, optimized, and half-life extended product candidates. Invetx was founded in 2018 and is based in Boston, Massachusetts.

Buy -
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