M&A Deal Summary

Itochu Acquires Descente

On August 5, 2024, Itochu acquired apparel/textiles company Descente for 180.0B JPY

Acquisition Highlights
  • This is Itochu’s 1st transaction in the Apparel/Textiles sector.
  • This is Itochu’s 2nd largest (disclosed) transaction.
  • This is Itochu’s 11th transaction in Japan.

M&A Deal Summary

Date 2024-08-05
Target Descente
Sector Apparel/Textiles
Buyer(s) Itochu
Deal Type Add-on Acquisition
Deal Value 180.0B JPY
Advisor(s) Mori Hamada & Matsumoto
Anderson Mori & Tomotsune (Legal)

Target

Descente

Tokyo, Japan
Descente is a sportswear maker with a history of craftsmanship and technological services. Descente was incorporated in 1935 and is headquartered in Tokyo, Japan.

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Buyer(S) 1

Buyer

Itochu

Tokyo, Japan

Category Company
Founded 1858
Sector Business Services
Employees115,089
Revenue 14.72T JPY (2025)
DESCRIPTION
ITOCHU's corporate headquarters in Tokyo, Japan.
ITOCHU's corporate headquarters in Tokyo, Japan.

Itochu is a prominent multinational trading company operating in various industries worldwide. With a diverse portfolio, the company engages in the sales, import, and export of an extensive range of products and services. Its offerings span sectors such as textiles, machinery, metals, energy, chemicals, food, and general merchandise. It caters to a broad customer base comprising retailers, wholesalers, manufacturers, and businesses across different sectors, providing them with high-quality goods and facilitating global trade through its extensive network and expertise. Itochu was founded in 1858 and is based in Tokyo, Japan.


DEAL STATS #
Overall 27 of 30
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 16
Country: Japan M&A 11 of 11
Year: 2024 M&A 3 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Gatik AI

Mountain View, United States

Gatik AI is a company developing autonomous driving technology for commercial trucks and providing logistics services utilizing its self-driving vehicles in the U.S and Canada. Gatik AI is based in Mountain View, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Killick Aerospace

Dublin, Texas, Ireland

Killick Aerospace specializes in providing optimized asset solutions ranging from selling, purchasing, and leasing commercial aircraft and jet engines to selling and exchanging airframe and engine-related components and parts to Airlines and MROs worldwide. Killick Aerospace was formed in 2006 and is based in Dublin.

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