Growth Capital • Information Technology

New Horizon Capital Co. Invests In AC Works

On December 23, 2022, private equity firm New Horizon Capital Co. invested in information technology company AC Works

Investment Context

This is New Horizon Capital Co.’s 3rd transaction in the Information Technology sector.
This is New Horizon Capital Co.’s 26th transaction in Japan.

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Investment Summary
Date	December 23, 2022
Target	AC Works
Sector	Information Technology
Investor(s)	New Horizon Capital Co.
Deal Type	Growth Capital

Target Company

AC Works

Osaka, Japan

AC Works is a digital materials platform that serves as a bridge between creators who want to publish their work and users looking for illustrations to suit their tastes. In 2013, the company launched "Photo AC", expanding its platform to provide photos. AC Works is based in Osaka, Japan.

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Investor Overview 1

Investor

New Horizon Capital Co.

Investor Investor

Category	Private Equity Firm
Founded	2002
Size	Small
Type	Sector Agnostic

DESCRIPTION

New Horizon Capital is a private equity fund targeting small to mid-sized buyouts, carve-outs, growth capital financings, and restructurings in Japan. The Firm does not have any sector preferences and looks to acquire majority positions when pursuing transactions. New Horizon Capital is headquartered in Tokyo.

Deal Context for Investor	#
Overall	26 of 35
Sector: Information Technology	3 of 3
Type: Growth Capital	18 of 26
Country: Japan	26 of 35
Year: 2022	7 of 8

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-10-11	Ohmi Tokyo, Japan Ohmi is a provider of an industrial waste collection and transportation. Ohmi is based in Tokyo, Japan.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-10-11

Ohmi

Tokyo, Japan

Ohmi is a provider of an industrial waste collection and transportation. Ohmi is based in Tokyo, Japan.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-12-26	Takafuji Oita City, Japan Takafuji is focused on installing machinery and produces steel fabricated products and piping. The company has continued to expand the scale and scope of its operations, constructing and operating biomass power plants and supplying biomass fuel (wood chips and palm kernel shells (PKS), operations derived from the original business of plant construction. Takafuji is based in Oita City, Japan.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-12-26

Takafuji

Oita City, Japan

Takafuji is focused on installing machinery and produces steel fabricated products and piping. The company has continued to expand the scale and scope of its operations, constructing and operating biomass power plants and supplying biomass fuel (wood chips and palm kernel shells (PKS), operations derived from the original business of plant construction. Takafuji is based in Oita City, Japan.

Buy

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