Private Equity / Daiwa PI Partners Co. Ltd.

Introduction

Our business started in 2000, in the dawning of private equity investment in Japan, and we have accumulated investment records since. We leverge the expertise and network we have gained in the years as well as the group synergy within the Daiwa Securities Group to become and remain as a trusted partner for our clients.

Strengths

in private equity investment

Daiwa Securities Group network

We leverage the Daiwa Securities Group's network to expand our investment pipeline and improve sales of our clients. The group advises on IPOs, business alliances, and M&A.

Accumulated expertise in management support

We utilize our 20+ years of experience to provide a wide range of business support.

Rapid reformation of business foundation

In cooperation with our clients, we first form a solid foundation for the business.

Enhancing business management

We visualize business management by setting appropriate KPIs and implementing budget control.

Developing human resources strategies

We review staff positioning and evaluation and introduce incentives such as an employee stock option plan.

Formulating financial strategies

We provide support for cash flow improvement, balance sheet optimization, negotiations with lenders, creating/maintaining a cap table, and the IPO.

Improving enterprise value

We discuss growth strategies with our clients and execute them to improve the company's enterprise value.

Increasing sales volume

We provide sales, marketing, and roll-up (additional acquisitions) support to increase the company's revenue.

Achieving faster decisions

We review the flow of approval to achieve faster management decisions.

Improving efficiency and productivity

We provide support for reducing excessive costs, optimizing procurement, improving accounting efficiency, introducing IT systems, and DX (digital transformation).

ESG investments

We promote the initiatives of our clients that contribute to the SDGs.

Daiwa Securities Group's SDGs Initiatives

Exit strategies to accelerate growth

We help our client's business continuously grow through an IPO or by having the company join another corporate group.

Interviews

Client feedback

The investment team worked closely with us and supported the dramatic growth of our company.

Kunihiro Morita

President and CEO

ALC Corporation

Our Portfolio

Our contribution to a sustainable society is in the processes of increasing enterprise value. Here are some of our past efforts.

Sectors

Manufacturing
Service
Infrastructure
Retail

Manufacturing

Marine Pro Foods Co, Ltd.

Plans, develops, and sells seafood and soy foods. After the demerger of the food ingredients business from Kikkoman Soy Foods through incorporation-type split, we acquired the company's stock.

Investment Date: 2022

Industry: Food

Hakusan Inc.

A manufacturer of communication products. After acquiring the company's stock from their largest shareholder, we additionally purchased common shares and CBs.

Investment Date: 2020

Industry: Optical communication

ENAX, Inc.

Develops, manufactures, and sells lithium-ion battery packs and cells. We acquired the target business through absorption-type split.

Investment Date: 2019

Industry: Lithium-ion battery

UACJ Copper Tube Company (now NJT Copper Tube Corporation)

A manufacturer of copper tubes and fittings designed for air-conditioning systems. We acquired the company's stock from UACJ in cooperation with Aspirant Group.

Investment Date: 2019

Industry: Copper tube/fitting

WHILL, Inc.

An emerging company that develops and manufactures next-generation personal mobility products. Their current main product is an innovative electric wheelchair. We acquired the company's stock upon their capital increase through third-party allotment.

Investment Date: 2018

Industry: Personal mobility

Spiber Inc.

Develops next-generation biomaterials. We acquired part of the company's stock from existing shareholders.

Investment Date: 2016

Industry: Biomaterial

OPTORUN Co.,Ltd.

Develops and manufactures optical thin film coaters. We acquired the company's stock from existing shareholders and sold them after a successful IPO.

Investment Date: 2014

Industry: Optical thin film coater

Exited

Kantatsu Co., Ltd.

A manufacturer of micro-lens units designed for smartphones. We acquired the company's preferred stock to meet their funding needs for capital expenditure. The acquired shares were sold to the parent company.

Investment Date: 2014

Industry: Micro-lens unit

Exited

Nakayama Steel Works, Ltd.

Electric furnace manufacturer listed on Tokyo Stock Exchange. We acquired the company's stock upon their capital increase through third-party allotment during the restructuring support by Regional Economy Vitalization Corporation of Japan (REVIC). The acquired shares were sold to the market.

Investment Date: 2013

Industry: Steel

Exited

Service

M&M Service Co., Ltd

Operates and manages hotels and recreation facilities. We acquired the company's stock from Mitsui Matsushima Holdings.

Investment Date: 2020

Industry: Hotel and resorts

Exited

Tokyo Catering Holdings Co., Ltd.

Operates cafeterias and provides school meals as well as catering services. We acquired the company's stock from existing shareholders.

Investment Date: 2019

Industry: Food services/catering

Living Platform, Ltd.

Provides nursing care, childcare, and employment support for people with disabilities. We acquired the company's stock through third-party allotment upon their treasury stock sales. The acquired shares were sold to the market after IPO.

Investment Date: 2018

Industry: Care facilities

Exited

HUMAN ASSOCIATES HOLDINGS, Inc

Operates staffing agencies and provides EAP services. We acquired the company's stock from the founding owner upon their retirement. Part of the acquired shares were sold to the market after IPO. The remaining shares were purchased by an SPC created by Mitsui.

Investment Date: 2014

Industry: Staffing agency/EAP services

Exited

HotLand Co.,Ltd.

Operates a chain of restaurants. Following a change in the company's capital policy, we acquired their stock from a fund that was a major shareholder before IPO. The acquired shares were sold to the market after IPO.

Investment Date: 2013

Industry: Restaurant

Exited

Infrastructure

Rinkai Nissan Construction Co., Ltd.

A general construction company. We acquired the company's stock to increase their capital and help complete their restructuring process. The acquired shares have been sold.

Investment Date: 2015

Industry: Construction

Exited

DAIICHI CHUO KISEN KAISHA

A major shipping company listed on Tokyo Stock Exchange. We acquired the company's stock through third-party allotment to meet the company's needs to increase capital during the stagnation of the shipping market. The acquired shares were sold to the market.

Investment Date: 2014

Industry: Shipping

Exited

Retail

Y. International., Inc.

Operates Y's Road, the largest bicycle store chain in Japan with 32 stores nationwide as of April 2022. We acquired the company's stock from a U.S. private equity fund and the founding family.

Investment Date: 2021

Industry: Bicycle

ALC Corporation

An imported car dealer. We acquired the company's stock upon retirement of the founder.

Extra:

Interview

Investment Date: 2016

Industry: Imported cars

Exited

Previous buyouts as Daiwa Securities SMBC Principal Investments

We were previously part of Daiwa Securities SMBC Principal Investments, and these are the investment records from that era.

Nippon Dry-Chemicals Co., Ltd.

A fire-extinguishing systems manufacturer. We acquired the company's stock through an SPC. The acquired shares were sold to related companies and to the market after IPO.

Shinseido Co., Ltd.

A major CD, DVD, and book retailer in Japan. We purchased the company's corporate loans as a restructuring sponsor as well as common stock and CBs. The acquired shares were sold to Wonder Corporation through tender offer.

Yaohan Co., LTD.

A local supermarket in Tochigi area, Japan. After the company filed for bankruptcy, we invested in the shell company created for restructuring in corporation with a restructuring fund in Tochigi. The acquired shares have been sold.

Investment Date: 2007

Industry: Supermarket

Exited

HMV Japan K.K. (now Lawson Entertainment, Inc.)

A major retailer of CDs and DVDs. We acquired the company's stock when the parent company decided to sell the Japanese subsidiary. The acquired shares were sold to Lawson.

Investment Date: 2007

Industry: CD/DVD

Manufactures fishing gear and other sporting goods. We acquired the company's common stock upon their capital increase. The acquired shares were sold to the company's business partners and also repurchased by the company.

Iing Co., Ltd.

Provides building and architecture maintenance services. We acquired part of the company's stock owned by the management. The acquired shares were sold to several related companies.

Investment Date: 2004

Industry: Building maintenance services

Exited

Meisei Electric Co., Ltd.

Manufactures products for meteorological and environmental measurement. We acquired the company's stock upon their capital increase. Part of the stock was sold through tender offer and the remaining to the market.

Investment Date: 2003

Industry: Meteorological and environmental measurement systems

Exited

Ogihara corporation

Manufactures metallic molds for cars. We acquired the company's stock upon their capital increase as well as from the founding family. The acquired shares were sold to an overseas company.

Investment Date: 2003

Industry: Automotive molds

Exited

Nikko Electric Industry Co., Ltd.

Manufactures electrical equipment for cars. As part of a restructuring project, we made an investment with a U.S. investment firm. We later formed an alliance with a Chinese manufacturer and sold the acquired shares to them.

Investment Date: 2001

A Japanese franchisor of Domino's Pizza. We provided restructuring funds to reduce their excessive debts. The acquired shares were sold to a U.S. private equity fund and another company.

Investment Date: 2002

Industry: Food delivery

Exited

ALC Corporation

Regarding the Acquisition of All Outstanding Shares ( excluding treasury shares ) of Nippon Dry-Chemical CO., LTD.

Regarding the purchasing of corporate loans of SHINSEIDO CO.,LTD., and the other supporting actions for increasing its corporate value

Conclusion of the Subscription Contract of Shares and Convertible Bonds with SHINSEIDO CO., LTD.,

Regarding an agreement with Panasonic Corporation to accept a tender offer for shares of Sanyo Electric Co., Ltd.

Regarding the Acceptance of a Tender Offer for VERITE Corporation Inc.

Regarding the Public Offering of Mitsui Mining Co., Ltd. Shares

Regarding the partial transfer of stock holding in Daiwa Seiko, Inc.