M&A Deal Summary

Otsuka Chemical Co. Acquires Higashiyama Film Co.

On November 17, 2014, Otsuka Chemical Co. acquired manufacturer Higashiyama Film Co. from Trustar Capital

Acquisition Highlights
  • This is Otsuka Chemical Co.’s 1st transaction in the Manufacturing sector.
  • This is Otsuka Chemical Co.’s 1st transaction in Japan.

M&A Deal Summary

Date 2014-11-17
Target Higashiyama Film Co.
Sector Manufacturing
Buyer(s) Otsuka Chemical Co.
Sellers(s) Trustar Capital
Deal Type Add-on Acquisition

Target

Higashiyama Film Co.

Nagoya, Japan
Higashiyama Film Co. Ltd. processes and manufactures coated films for industrial purposes including touch panel, FPD, and home appliances parts.

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Buyer(S) 1

Buyer

Otsuka Chemical Co.

Osaka, Japan

Category Company
Sector Chemicals
DESCRIPTION

Otsuka Chemical Co., Ltd. is a chemical manufacturing.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 6 of 28
Sector: Manufacturing M&A 2 of 5
Type: Add-on Acquisition M&A Deals 4 of 12
Country: Japan M&A 2 of 8
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 King Koil China

Shanghai, China

King Koil China is a premium manufacturer and retailer of mattresses in China. King Koil China is also rapidly expanding its retail business through both offline and online formats. King Koil China was founded in 2000 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Study & Share

Shanghai, China

Study & Share is specialzes in test preparation and vocational training for professional certification in the China construction industry. Study & Share was founded in 2004 and is based in Shanghai, China.

Buy -