M&A Deal Summary

TBS Holdings Acquires Yaruki Switch Group

On June 29, 2023, TBS Holdings acquired education company Yaruki Switch Group from Advantage Partners for 28.7B JPY

Acquisition Highlights
  • This is TBS Holdings’ 1st transaction in the Education sector.
  • This is TBS Holdings’ largest (disclosed) transaction.
  • This is TBS Holdings’ 1st transaction in Japan.

M&A Deal Summary

Date 2023-06-29
Target Yaruki Switch Group
Sector Education
Buyer(s) TBS Holdings
Sellers(s) Advantage Partners
Deal Type Add-on Acquisition
Deal Value 28.7B JPY

Target

Yaruki Switch Group

Tokyo, Japan
Yaruki Switch Group is a provider of educational service and offering supplemental learning, early childhood education, english childcare, bilingual kindergartens, and operates over 1,800 schools globally. Yaruki Switch Group is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

TBS Holdings

Tokyo, Japan

Category Company
Sector Media
Revenue 394.3B JPY (2024)
DESCRIPTION

TBS Holdings engages in the broadcasting, video and cultural, and real estate businesses. TBS involved in the TV and radio broadcasting, variety shows, news and live sports. TBS Holdings was founded in 1951 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Education 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
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Advantage Partners

Singapore, Singapore

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Partners LLP is a Japanese private equity firm focused on investing public and private companies. Advantage targets businesses operating in the fields of distribution/retail, consumer products, manufacturing, telecommunications, IT/software and financial services. The Firm will consider a variety of transactions including corporate divestitures, acquisitions, buyouts, public to private, recapitalizations, and growth capital financings. Advantage Partners was formed in 1992 and is based in Tokyo.


DEAL STATS #
Overall 31 of 36
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 20 of 22
Country: Japan M&A 29 of 33
Year: 2023 M&A 2 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Maeden

Taipei City, Taiwan

Maeden is dedicated to designing, manufacturing, and selling premium quality wire and conductors to blue-chip clients in the automotive, acoustic, and multi-media as well as other adjacent industries. Maeden was founded in 1981 and is based in Taipei City, Taiwan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-21 Nareru

Tokyo, Japan

Nareru combines the two technologies of IT and human resources development, that will provide and realize "business transformation to increase productivity" and "cultivation and stable supply of professional human resources" to compensate for the decrease in professional human resources. Nareru was founded in 2008 and is based in Tokyo, Japan.

Sell -