M&A Deal Summary

Renatus Acquires Shin Nippon Kaihatsu

On December 1, 2023, Renatus acquired environmental company Shin Nippon Kaihatsu from J-STAR Co.

Acquisition Highlights
  • This is Renatus’ 2nd transaction in the Environmental sector.
  • This is Renatus’ 3rd transaction in Japan.

M&A Deal Summary

Date 2023-12-01
Target Shin Nippon Kaihatsu
Sector Environmental
Buyer(s) Renatus
Sellers(s) J-STAR Co.
Deal Type Add-on Acquisition

Target

Shin Nippon Kaihatsu

Hyogo, Japan
Shin Nippon Kaihatsu develops environmental projects that are essential to the development of industry and daily life. Shin Nippon Kaihatsu was founded in 1972 and is based in Hyogo, Japan.

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Buyer(S) 1

Buyer

Renatus

Tokyo, Japan

Category Company
Sector Environmental
DESCRIPTION

Renatus perform incineration/melting processing and recycling of industrial waste, specially controlled industrial waste including infectious industrial waste, and general business waste. The cinders, soot, and slag generated through incineration and melting are recycled as civil engineering materials and raw materials for cement. In addition, the company conduct thermal recycling, which effectively uses incineration waste heat to generate electricity, and recycle as much of the waste as possible. Renatus is based in Tokyo, Japan.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Japan M&A 3 of 3
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 SINCERE

Tokyo, Japan

SINCERE is engaged in recycling and building maintenance business. SINCERE was founded in 1969 and is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

J-STAR Co.

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

J-STAR is a private equity and asset management firm focused on acquisitions of small to mid-sized Japanese companies. The Firm does not have any sector preferences and generally looks to commit JPY 1 to JPY 3 billion per transaction. J-STAR was established in 2006 and is headquartered in Tokyo.


DEAL STATS #
Overall 10 of 10
Sector: Environmental M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Japan M&A 10 of 10
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 SINCERE

Tokyo, Japan

SINCERE is engaged in recycling and building maintenance business. SINCERE was founded in 1969 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Caregiver Japan

Tokyo, Japan

Caregiver Japan is a nursing care and medical-related service provider that operates residential feebased nursing homes, home nursing care, daycare, and welfare equipment rental businesses in Tokyo and other areas. The company provides personalized and attentive services at reasonable prices, featuring the development of nursing homes with medical care coordination by renovating existing buildings. In addition, the company’s self-developed application "Good Job!” is used to centrally manage user information, treatment manuals, employee work shifts, and daily earnings for each facility, creating a highly transparent management system. Caregiver Japan was founded in 2010 and is based in Tokyo, Japan.

Buy -