M&A Deal Summary

Polaris Capital Group Acquires Olympus Terumo Biomaterials

On May 27, 2024, private equity firm Polaris Capital Group acquired healthcare services company Olympus Terumo Biomaterials from Olympus

Acquisition Highlights
  • This is Polaris Capital Group’s 1st transaction in the Healthcare Services sector.
  • This is Polaris Capital Group’s 31st transaction in Japan.

M&A Deal Summary
Date 2024-05-27
Target Olympus Terumo Biomaterials
Sector Healthcare Services
Buyer(s) Polaris Capital Group
Sellers(s) Olympus
Deal Type Divestiture

Target

Olympus Terumo Biomaterials

Tokyo, Japan
Olympus Terumo Biomaterials operates an orthopedic surgery business in Japan, manufacturing and selling artificial bones, metal plates for HTO (high tibial osteotomy), and other related products. The company has a strong presence in the market through the provision of distinctive products in cervical spondylotic myelopathy. Olympus Terumo Biomaterials is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Polaris Capital Group

Tokyo, Japan

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Polaris Capital Group is a private equity firm focused on mid-sized opportunities throughout Japan. Polaris generally seeks manufacturing companies with competitive technologies/processes, but the Firm will also consider consumer goods, retail, logistics and other service based businesses possessing strong brands or unique business models with potential to expand. Prospective transaction situations of interest include business successions and corporate carve-outs. Polaris Capital Group was formed in 2004 and is headquartered in Tokyo.

DEAL STATS #
Overall 32 of 33
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 10 of 10
Country (Japan) 31 of 32
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-25 Hitowa

Tokyo, Japan

Hitowa is a corporate group with a nursing care business that operates nursing care homes for the elderly under the Irise brand, a franchise business that mainly provides house cleaning services under the Osoji Honpo brand, and a childcare business that operates licensed nurseries under the Taiyono-ko brand. Hitowa is based in Tokyo.

Sell ¥90.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 Stockmark

Tokyo, Japan

Stockmark is an AI startup specializing in natural language processing. Stockmark is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

Olympus

Shinjuku-ku, Japan
Category Company
Founded 1919
Sector Diversified
Employees28,838
Revenue 936.2B JPY (2024)
DESCRIPTION
Olympus facility in Brooklyn Park, Minnesota.
Olympus facility in Brooklyn Park, Minnesota.

Olympus is a diverse manufacturer and seller of precision electronics, machinery, and instruments. Olympus manufactures medical products including endoscopic video imaging systems, endoscopy products for gastroenterological surgery, and enndo therapy products. Olympus was founded in 1919 and is based in Shinjuku-ku, Japan.

DEAL STATS #
Overall 7 of 7
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 6 of 6
Country (Japan) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Odin Vision

London, United Kingdom

Odin Vision is a cloud-AI endoscopy company with a strong portfolio of commercially available computer-aided detection/diagnostic (CAD) solutions and a deep innovation pipeline of cloud-enabled applications. Odin Vision is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 Proximie

London, United Kingdom

Proximie is a secure software solution which expands virtual surgical collaboration enabling surgeons to share expertise using augmented reality tools before, during and after surgery. Proximie was founded in 2016 and is based in London, United Kingdom.

Buy -
Mergr

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