T Capital Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, T Capital Partners has acquired 1 company. It has also invested in 3 others.

T Capital Partners’ most common sectors for investment arelife science (11%) and business services (11%) . The Firm’s most common investment types include growth capital (29%) and buyout (lbo, mbo, mbi) (25%). Its largest (disclosed) acquisition occurred in 2008 when it acquired GC Showayakuhin for $207M.

In the last 3 years, T Capital Partners has exited 2 companies. The Firm’s most common exit type is trade sale (74%). T Capital Partners’ largest (disclosed) exit occurred in 2011 when it sold GC Showayakuhin for $905M.

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M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity28
    • M&A Sell Activity15
  • Total Sectors Invested 18
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 1

T Capital Partners

T Capital Partners Co., Ltd.

Otemachi Park Building 11F, 1-1-1, Otemachi, Chiyoda-ku,,
Tokyo, 100-0004
Japan
www.tcap.co.jp

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.


Investment Criteria

Sectors of Interest: Aerospace, Apparel/Textiles, Building Materials, Business Services, Consumer Services, Distribution, Electrical Equipment, Energy Services and Equipment, Food, Furniture, Information Technology, Internet Software and Services, Life Science, Manufacturing, Medical Products, Real Estate, Retail, Semiconductors

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Secondary Buyout, Stake Purchase, Venture

Geographic Preferences: Asia/Pacific

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 4,000 14,000
Enterprise Value 10,000 50,000
values in millions of JPY

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 22 2 2 - 2 - 28
vol $207M $207M
Sell (0.4/yr) # 13 - - 1 1 - 15
vol $906M $906M
  43

Most Recent M&A

Company Date Value Type
Optowl Co. Ltd. 2024-09-30 - Buyout (LBO, MBO, MBI)
Hanamaki, Japan · www.optowl.com
Asahi House Industry Co. Ltd. 2024-06-14 - Trade Sale
Nagoya City, Japan
World Party Co. Ltd. 2024-02-29 - Growth Capital
Osaka, Japan · www.worldparty.co.jp
Confex Holdings Co., Ltd. 2023-12-28 - Trade Sale
Tokyo, Japan · www.confex.co.jp
RAMXEED Ltd. 2022-09-30 - Growth Capital
Kanagawa, Japan · www.ramxeed.com
Stripe International, Inc. 2022-03-11 - Growth Capital
Tokyo, Japan · www.stripe-intl.com
MicroBiopharm Japan Co. Ltd. 2021-07-12 - Divestiture
Tokyo, Japan · www.microbiopharm.com
Hikari Metal Industries Co. Ltd. 2021-06-29 - Growth Capital
Nagoya, Japan · www.hikarikk.co.jp
WITH Holdings Co. Ltd. 2020-03-31 - Growth Capital
Saitama, Japan · www.mom.ed.jp
Act-One Yamaichi Co. Ltd. 2019-12-17 - Growth Capital
Osaka, Japan · www.act-1.co.jp
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Life Science 1 (10%) - 3 (11%) 207M (100%)
Business Services 1 (10%) - 3 (11%) -
Apparel/Textiles 1 (10%) - 2 (7%) -
Building Materials - - 2 (7%) -
Distribution - - 2 (7%) -
Electrical Equipment 1 (10%) - 2 (7%) -
Information Technology - - 2 (7%) -
Internet Software and Services - - 2 (7%) -
Aerospace 1 (10%) - 1 (4%) -
Consumer Products 1 (10%) - 1 (4%) -
Consumer Services 1 (10%) - 1 (4%) -
Energy Services and Equipment - - 1 (4%) -
Financial Services - - 1 (4%) -
Food 1 (10%) - 1 (4%) -
Furniture - - 1 (4%) -
Manufacturing 1 (10%) - 1 (4%) -
Retail - - 1 (4%) -
Semiconductors 1 (10%) - 1 (4%) -
Total 10 - 28 $207M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Japan 10 (100%) - 28 (100%) 207M (100%)
Total 10 - 28 $207M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (70%) - 8 (29%) -
Buyout (LBO, MBO, MBI) 2 (20%) - 7 (25%) -
Venture - - 7 (25%) -
Stake Purchase - - 3 (11%) -
Divestiture 1 (10%) - 2 (7%) -
Secondary Buyout - - 1 (4%) 207M (100%)
Total 10 - 28 $207M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 7 (47%) -
Trade Sale 4 (27%) -
Secondary Sale 2 (13%) 906M (100%)
IPO 1 (7%) -
Sold to Management 1 (7%) -
Total 15 $906M

Top M&A Advisors

Financial Deals
DC Advisory
1

Deal Values

buy # Total
$100M to $1B 1 $207M
TOTAL $207M
Largest GC Showayakuhin Corp.
$207M (2008-04-01)
sell # Total
$100M to $1B 1 $905M
< $100M 1 $640K
TOTAL $906M
Largest GC Showayakuhin Corp.
$905M (2011-10-13)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
7%
2 (7%)
Exited to
Investor(s)
13%
2 (13%)
Strategic(s)
73%
11 (73%)

FAQ

When was T Capital Partners founded?

T Capital Partners was founded in 1991.

What type of investor is T Capital Partners?

T Capital Partners is a private equity firm.

Where is T Capital Partners headquartered?

T Capital Partners is headquartered in Tokyo, Japan.

How much capital does T Capital Partners have under management?

T Capital Partners has 220.0B JPY under management.

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