M&A Deal Summary

Shogakukan Acquires Candee

On August 20, 2023, Shogakukan acquired marketing company Candee from Eight Roads

Acquisition Highlights
  • This is Shogakukan’s 1st transaction in the Marketing sector.
  • This is Shogakukan’s 1st transaction in Japan.

M&A Deal Summary

Date 2023-08-20
Target Candee
Sector Marketing
Buyer(s) Shogakukan
Sellers(s) Eight Roads
Deal Type Add-on Acquisition

Target

Candee

Tokyo, Japan
Candee is an intermediary between an advertising agency and a production company. It focus on video advertisements and planning and production of LIVE content, and also support various brand activations such as campaign development and real events. Candee was founded in 2015 and is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Shogakukan

Tokyo, Japan

Category Company
Founded 1922
Sector Media
DESCRIPTION

Shogakukan is a comprehensive publisher that offers a wide range of content, from educational magazines for elementary school students divided by grade level to magazines, books, and digital content distribution. Shogakukan was founded in 1922 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 105 of 124
Sector: Marketing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 48 of 59
Country: Japan M&A 9 of 9
Year: 2023 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 FrontRow

Bengaluru, India

FrontRow is a learning and community platform focused on creative arts and sports that enables everyone to pursue their passions. FrontRow offers classes taught by celebrities in fields such as music, cricket or comedy, paired with a community platform that gives learners regular activities, competitions and peer engagement to practice and showcase their talent. FrontRow was founded in 2020 and is based in Bengaluru, Karnataka.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-21 ownCloud

Nuremberg, Germany

ownCloud is a provider of enterprise file sync and share that is hosted in your data center, on your servers, using your storage. ownCloud provides Universal File Access through a single front-end to all of your disparate systems. ownCloud was founded in 2011 and is based in Nuremberg, Germany.

Sell -