M&A Deal Summary

Rakuten Acquires Soukai Drug

On October 28, 2016, Rakuten acquired e-commerce company Soukai Drug from Sumitomo for 8.9B JPY

Acquisition Highlights
  • This is Rakuten’s 2nd transaction in the E-Commerce sector.
  • This is Rakuten’s 7th largest (disclosed) transaction.
  • This is Rakuten’s 5th transaction in Japan.

M&A Deal Summary
Date 2016-10-28
Target Soukai Drug
Sector E-Commerce
Buyer(s) Rakuten
Sellers(s) Sumitomo
Deal Type Divestiture
Deal Value 8.9B JPY

Target

Soukai Drug

Tokyo, Japan
Soukai Drug Co., Ltd. is an online retailer of household goods such as mineral water, nutrition supplements, cosmetics, fabric softeners and baby care products.

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Buyer(S) 1

Buyer

Rakuten

Tokyo, Japan
Category Company
Founded 1997
Sector Internet Software and Services
Employees30,830
Revenue 2.07T JPY (2023)
DESCRIPTION
Rakuten office in Tokyo, Japan.
Rakuten office in Tokyo, Japan.

Rakuten is an internet services company. Rakuten provides a variety of consumer and business-focused services including e-commerce, eBooks & eReading, travel, banking, securities, credit card, e-money, portal and media, online marketing and professional sports. Rakuten Group is expanding globally and currently has operations throughout Asia, Europe, the Americas, and Oceania. Rakuten was founded in 1997 and is based in Tokyo, Japan.

DEAL STATS #
Overall 16 of 24
Sector (E-Commerce) 2 of 2
Type (Divestiture) 1 of 1
Country (Japan) 5 of 9
Year (2016) 2 of 2
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-05 Fablic

Tokyo, Japan

Fablic, Inc. is a provider of FRIL, a consumer-to-consumer (C2C) marketplace mobile app. Fablic, Inc. was established in 2012 and is headquartered in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 The Grommet

Somerville, Massachusetts, United States

The Grommet, Inc. is a provider of an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs, also known as Makers. It has discovered and launched dozens of now household brand names, including FitBit, IdeaPaint, OtterBox, SimpliSafe and SodaStream.

Sell -

Seller(S) 1

SELLER

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 8
Sector (E-Commerce) 1 of 1
Type (Divestiture) 3 of 5
Country (Japan) 2 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 Cosan Biomassa SA

Sao Paulo, Brazil

Cosan Biomassa SA is a producer and distributor of sugarcane biomass pellets used for power generation, subject to the prior approval of anti-trust authorities in some jurisdictions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Fyffes

Dublin, Ireland

Fyffes is an importer and distributor of tropical produce. Company primary activities are the production, procurement, shipping, ripening, distribution, and marketing of bananas, pineapples, and melons. Fyffes is based in Dublin, Ireland.

Buy €751M
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