M&A Deal Summary

Wakita Acquires Tonichi Kosan

On February 26, 2018, Wakita acquired distribution company Tonichi Kosan from T Capital Partners

Acquisition Highlights
  • This is Wakita’s 1st transaction in the Distribution sector.
  • This is Wakita’s 1st transaction in Japan.

M&A Deal Summary

Date 2018-02-26
Target Tonichi Kosan
Sector Distribution
Buyer(s) Wakita
Sellers(s) T Capital Partners
Deal Type Add-on Acquisition

Target

Tonichi Kosan

Tokyo, Japan
Tonichi Kosan is a specialized trading company dealing with construction and agricultural machinery parts. Tonichi Kosan was founded in 1957 and is headquartered in Tokyo, Japan.

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Buyer(S) 1

Buyer

Wakita

Osaka, Japan

Category Company
Founded 1949
Sector Machinery
Employees1,842
Revenue 92.3B JPY (2025)
DESCRIPTION

Wakita operates construction equipment, trading, and real estate businesses. The company rents civil engineering and construction machinery, loading and unloading machinery, etc. It engages in the sale of video and audio equipment, and the sale and rental of nursing care products and equipment. Additionally, the company leases office buildings, condominiums, etc. Wakita was founded in 1949 and is headquartered in Osaka, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Japan M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

T Capital Partners

Tokyo, Japan

Category Private Equity Firm
Founded 1991
PE ASSETS 220.0B JPY
Size Large
Type Sector Agnostic
DESCRIPTION

T Capital Partners is a private equity firm focused on buyout and venture transactions in Japan. Within buyouts, the Firm looks to acquire controlling interests in established mid-cap companies with steady growth and strong market positions. T Capital will consider opportunities in a variety of sectors and generally partners with management when pursuing transactions. T Capital Partners was formed in 1991 and is based in Tokyo.


DEAL STATS #
Overall 13 of 15
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 11
Country: Japan M&A 13 of 15
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-27 Asplund

Tokyo, Japan

Asplund is an operating original equipment manufacturing (OEM) business for furniture and interior merchandising and sales of imported furniture to commercial spaces such as hotels, restaurants, cafes, and public spaces, as well as its own lifestyle retail stores “TIMELESS COMFORT” and “212 KITCHEN STORE”. Asplund was founded in 1991 and is based in Tokyo, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 IAC

Gifu, Japan

IAC provides an integrated manufacturing system for metal machining and surface treatment of aircraft parts based in Japan, Malaysia, and Vietnam. In addition, the company is engaged in metal processing of automobile parts in Thailand. IAC was founded in 1947 and is based in Gifu, Japan.

Buy -