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Japan Industrial Partners

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Japanese private equity firm
Japan Industrial Partners, Inc.
Company typePrivate
IndustryPrivate equity
Founded2002; 22 years ago (2002)
HeadquartersTokyo, Japan
Key peopleHidemi Moue (CEO)
Subsidiaries
  • ITX Corp
  • Kyowa Hakko Chemical
  • Nippon Avionics
  • SunTelephone
  • Toshiba
  • Vaio
Websitejipinc.com

Japan Industrial Partners, Inc. is a Japanese private equity firm, which is based in Tokyo. It was founded in 2002 with investment from firms including Mizuho Financial Group and Bain & Company. Its CEO is Hidemi Moue.

History

In 2007 Japan Industrial Partners bought SunTelephone with Bain Capital. In 2010 it bought Kyowa Hakko Chemical from Kyowa Hakko Kirin.

In 2012 Japan Industrial partners bought the core operations of the telecommunications company ITX Corp from Olympus Corporation for $676 million.

In 2014 Japan Industrial partners bought the computer manufacturer Vaio from Sony. In 2020 Japan Industrial Partners bought Nippon Avionics from NEC, and changed the company's leadership.

In 2020 the company bought the imaging arm of Olympus. This was transferred to a new company, named OM Digital Solutions in 2022 as the deal only allowed the brand name to be used for a transitional period.

In 2023 Japan Industrial Partners and 19 other companies, including Orix, Rohm and Chubu Electric Power, offered to buy Toshiba for US$15 billion, which was accepted by Toshiba's board in September.

Operations

Japan Industrial Partners deals within the electronics industry, where they perform corporate carve-outs, buyouts, and spinouts.

Japan Industrial Partners likes to keep a low profile and rarely attends interviews. It also does not hire restructuring consultants, and prefers to do it themselves.

References

  1. ^ Bridge, Anton; Yamazaki, Makiko (19 December 2023). "Focus: In buying Toshiba, a little-known fund takes on Japan Inc's toughest job". Reuters. Retrieved 20 December 2023.
  2. ^ Alden, William (2014-02-06). "Sony Turns to Investment Firm With a Taste for Unloved Assets". DealBook. Retrieved 2023-12-19.
  3. "CORRECTED-Olympus sells unit ITX to fund for $676 mln". Reuters. 24 August 2012. Retrieved 20 December 2023.
  4. Shu, Catherine (2014-02-06). "Sony To Exit PC Business By Selling VAIO". TechCrunch. Retrieved 2023-12-19.
  5. Shipton, Will (2022-11-02). "OM Digital Solutions splits from Olympus". Inside Imaging. Retrieved 2023-12-19.
  6. "Toshiba board accepts Japan Industrial Partners' $15 billion buyout proposal". CNBC. 2023-03-23. Retrieved 2023-12-19.
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