M&A Deal Summary

Noritsu Acquires AlphaTheta

On March 3, 2020, Noritsu acquired business services company AlphaTheta from KKR for 324M USD

Acquisition Highlights
  • This is Noritsu’s 1st transaction in the Business Services sector.
  • This is Noritsu’s 2nd largest (disclosed) transaction.
  • This is Noritsu’s 1st transaction in Japan.

M&A Deal Summary

Date 2020-03-03
Target AlphaTheta
Sector Business Services
Buyer(s) Noritsu
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 324M USD

Target

AlphaTheta

Yokohama, Japan
AlphaTheta develops, manufactures, and sells equipment for DJs, including DJ players, mixers, controllers, headphones, and speakers. AlphaTheta was founded in 2014 and is based in Yokohama, Japan.

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Buyer(S) 1

Buyer

Noritsu

Tokyo, Japan

Category Company
Founded 1951
Sector Electronics
Employees1,239
Revenue 106.5B JPY (2024)
DESCRIPTION

Noritsu manufactures and sells audio equipment products. Noritsu was founded in 1951 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Japan M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 Aimedic MMT

Tokyo, Japan

Aimedic MMT manufactures medical devices and instruments for orthopedics to treat knee, shoulder, elbow and hip joints. Aimedic MMT was founded in 1987 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 FEED

Yokohama, Japan

FEED engages in the Sale of dental materials, medical equipment, pharmaceuticals, and other medical-related products. FEED was founded in 1980 and is based in Yokohama, Japan.

Sell -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 140 of 215
Sector: Business Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 50 of 69
Country: Japan M&A 2 of 2
Year: 2020 M&A 5 of 16
Size (of disclosed) 36 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Legg Mason

Baltimore, Maryland, United States

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

Sell $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-18 Viridor

Somerset, United Kingdom

Viridor is a waste processing and recycling company, operating 10 Energy-from-Waste (“EfW”) plants as well as Recycling facilities, a Collections business, and Landfills. Viridor was founded in 1956 and is based in Somerset, United Kingdom.

Buy £4.2B