M&A Deal Summary

Sojitz Acquires Dutton Group

On May 2, 2023, Sojitz acquired automotive company Dutton Group from CPE Capital

Acquisition Highlights
  • This is Sojitz’s 1st transaction in the Automotive sector.
  • This is Sojitz’s 2nd transaction in Australia.

M&A Deal Summary

Date 2023-05-02
Target Dutton Group
Sector Automotive
Buyer(s) Sojitz
Sellers(s) CPE Capital
Deal Type Add-on Acquisition

Target

Dutton Group

Richmond, Australia
Dutton Group is an operator and marketer of prestige used vehicles with a national footprint and direct to consumer offering, while Dutton Garage is a bespoke, classic, and super-luxury vehicle retailer. Dutton Group was founded in 1911 and is based in Richmond, Australia.

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Buyer(S) 1

Buyer

Sojitz

Tokyo, Japan

Category Company
Founded 2003
Sector Business Services
Employees25,118
Revenue 2.51T JPY (2025)
DESCRIPTION

Sojitz is a general trading company. Sojitz Group offers businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. Sojitz was established in 2003 and is based in Tokyo, Japan.


DEAL STATS #
Overall 6 of 15
Sector: Automotive M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 10
Country: Australia M&A 2 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 Kleen

Middletown, Connecticut, United States

Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Kleen

Middletown, Connecticut, United States

Kleen Energy Systems operates a 620-megawatt natural gas-fired, combined-cycle power plant, using gas and steam turbines to generate electricity. Kleen was founded in 2008 and is based in Middletown, Connecticut.

Sell -

Seller(S) 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.


DEAL STATS #
Overall 27 of 27
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 11
Country: Australia M&A 24 of 24
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 Ambrose Construct Group

Queensland, Australia

Ambrose Construct Group is a national restoration and building supplier to the general insurance industry. Ambrose Construct Group is based in Queensland, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Modus Projects

Sydney, Australia

Modus Projects is a provider of construction and facilities maintenance, building, project management and fit-outs. Modus Projects was founded in 2010 and is based in Sydney, Australia.

Buy -