Topcon Corp.
Acquisition in 2025
Topcon Corporation is a Japanese company established in 1932, initially recognized for its surveying instruments and later for its ophthalmic and medical equipment introduced after World War II. Over the years, Topcon has diversified its business through mergers and acquisitions, expanding into areas such as construction machinery control technology, precision GPS receivers, precision agriculture, and mobile control technology. The company addresses key global challenges, including rising eye disease prevalence due to aging populations, food shortages from increasing global populations, and deteriorating infrastructure. Focusing on healthcare, agriculture, and infrastructure, Topcon is committed to enhancing human life by applying its innovative solutions to these pressing societal issues. The company’s subsidiary, Topcon Vision Care Japan, supplies optometry products and equipment to opticians in Japan, further solidifying its presence in the eye care sector.
FujiSoft
Acquisition in 2025
Fujisoft is a leading independent IT solution vendor in Japan, specializing in mobile technology, digital information equipment, and consumer electronics. The company operates through multiple subsidiaries, organized into four main segments. The Fujisoft segment is the largest, focusing on system construction, cloud integration, IT security, and broadband services. The Cybernet Systems segment caters to the manufacturing sector by offering a variety of IT services, while the Vinx segment is involved in software sales and data center services. Additionally, the Cyber Com segment provides software development services. Fujisoft aims to advance the era of ubiquitous and cloud computing, expanding its operations globally and delivering innovative technologies across various sectors.
FujiSoft
Secondary Market in 2024
Fujisoft is a leading independent IT solution vendor in Japan, specializing in mobile technology, digital information equipment, and consumer electronics. The company operates through multiple subsidiaries, organized into four main segments. The Fujisoft segment is the largest, focusing on system construction, cloud integration, IT security, and broadband services. The Cybernet Systems segment caters to the manufacturing sector by offering a variety of IT services, while the Vinx segment is involved in software sales and data center services. Additionally, the Cyber Com segment provides software development services. Fujisoft aims to advance the era of ubiquitous and cloud computing, expanding its operations globally and delivering innovative technologies across various sectors.
SmartHR, Inc. is a Tokyo-based company that specializes in cloud-based human resources management software. Founded in 2013, SmartHR offers a platform designed to automate social insurance and employment insurance procedures. This software allows users to complete online forms and generate digital versions of essential documents such as pension and employment insurance applications, which can be submitted to relevant authorities with ease. By providing a comprehensive suite of solutions focused on employee management, administration, talent management, and productivity, SmartHR caters to a wide range of businesses, from large enterprises to small and medium-sized enterprises (SMEs).
IQGeo Group PLC develops geospatial software tailored for the telecommunications and utility sectors, primarily operating in North America, Europe, and Japan. The company's offerings include the IQGeo Platform, which facilitates the design and management of complex network assets, and the IQGeo Network Manager, aimed at enhancing productivity and collaboration in planning and construction processes. Additionally, IQGeo provides a suite of mobile solutions such as the Workflow Manager for fieldwork and back-office integration, Inspection and Survey software for field inspections, and Fiber Planning software that generates optimized designs for fiber networks. IQGeo also addresses emergency responses with its Damage Assessment tool and offers cloud hosting and data integration services. Founded in 2002 and headquartered in Cambridge, UK, IQGeo was previously known as Ubisense Group PLC before rebranding in 2019. The company generates revenue through subscriptions, maintenance, support, and services, with a majority of its income coming from the United States.
o9 Solutions
Private Equity Round in 2023
o9 Solutions, Inc. is a developer of a cloud-based business management platform that facilitates digital transformations in integrated planning and operations. Its offerings include advanced tools for demand forecasting, commercial planning, and supply chain management, which help organizations streamline decision-making processes and improve efficiency. The platform leverages artificial intelligence to provide insights from various data sources, enabling clients to make informed decisions across supply chain and financial functions. Key products include Integrated Business Planner, PromoTouch for campaign management, and BusinessManager for resource allocation. With a focus on enhancing transparency and reducing silos, o9 Solutions serves various industries, including consumer goods, apparel, and retail. Founded in 2009 and headquartered in Dallas, Texas, the company has established a global presence with offices in multiple countries, including India, the Netherlands, Germany, Spain, South Korea, and Japan.
Bushu Pharmaceuticals
Acquisition in 2022
Bushu Pharmaceuticals Ltd. is a contract manufacturing company based in Kawagoe-shi, Japan, specializing in the production of pharmaceuticals and clinical trial materials. Founded in 1999, the company offers a comprehensive range of services, including drug development, formulation, and manufacturing of solid dosage forms such as tablets, granules, and capsules, as well as injectables like vials and syringes. Bushu Pharmaceuticals also provides quality control and assurance, packaging, and lifecycle management services that encompass pre-formulation, analytical development, and clinical trial supplies. The company caters to both domestic and international clients, focusing on delivering high-quality products and services tailored to the pharmaceutical and biopharmaceutical industries.
Hitachi Transport System
Acquisition in 2022
Hitachi Transport System provides logistics and transportation services. Hitachi Transport System was founded in February 1950 and is located in Tokyo, Japan.
o9 Solutions
Private Equity Round in 2022
o9 Solutions, Inc. is a developer of a cloud-based business management platform that facilitates digital transformations in integrated planning and operations. Its offerings include advanced tools for demand forecasting, commercial planning, and supply chain management, which help organizations streamline decision-making processes and improve efficiency. The platform leverages artificial intelligence to provide insights from various data sources, enabling clients to make informed decisions across supply chain and financial functions. Key products include Integrated Business Planner, PromoTouch for campaign management, and BusinessManager for resource allocation. With a focus on enhancing transparency and reducing silos, o9 Solutions serves various industries, including consumer goods, apparel, and retail. Founded in 2009 and headquartered in Dallas, Texas, the company has established a global presence with offices in multiple countries, including India, the Netherlands, Germany, Spain, South Korea, and Japan.
Yayoi is the largest provider of financial and accounting software in Japan, catering primarily to small and medium-sized enterprises, sole proprietors, and entrepreneurs. The company is renowned for its Yayoi Series, which includes a range of software solutions designed to assist businesses with various operational needs. Yayoi's offerings encompass payroll, sales management, billing, tax filing, and customer management, enabling clients to effectively address the complexities of starting and growing their businesses. Through its comprehensive suite of services, Yayoi plays a vital role in supporting the financial and operational success of its users.
Transphorm, Inc. is a semiconductor company specializing in the design and manufacture of gallium nitride (GaN) field effect transistors (FETs) for high-voltage power conversion applications. Founded in 2007 and based in Goleta, California, the company provides a range of products suitable for sectors such as server and storage systems, photovoltaic inverters, automotive applications, and motor control. Transphorm's offerings include JEDEC and AEC-Q101 qualified GaN devices, combined with design and application support tailored to meet the needs of its expanding customer base across the Americas, EMEA, Japan, China, Korea, ASEAN, and Taiwan. Its vertically integrated approach fosters innovation throughout all stages of development, from design to fabrication and application support.
Central Tank Terminal
Acquisition in 2021
Central Tank Terminal Co., Ltd., established in 1966 and based in Tokyo, Japan, provides logistics and warehousing services primarily for chemical and oil products. As a subsidiary of GATX Corporation, the company specializes in the design and management of petroleum and chemical storage tanks, as well as cargo handling machinery. Its services include cargo handling, warehousing, and transportation for chemical manufacturers, with a focus on lower emissions compared to industry peers. Central Tank Terminal is dedicated to supporting the storage and distribution needs of the chemical and petroleum sectors.
Marelli
Private Equity Round in 2021
Marelli is a prominent global independent automotive supplier based in Saitama, Japan, formed from the merger of Calsonic Kansei and Magneti Marelli. The company specializes in manufacturing a diverse range of automotive components, including cockpit systems, climate control systems, exhaust systems, and advanced electronic products. Marelli is committed to developing automotive-grade electronics solutions, offering flexible products for human-machine interfaces, telematics, infotainment, body electronics, and advanced driver-assistance systems (ADAS). The company emphasizes safety and cybersecurity in its offerings, ensuring compliance with industry standards while addressing the evolving needs of the automotive sector.
NETSTARS
Private Equity Round in 2021
Netstars Co., Ltd is an internet service company based in Tokyo, Japan, with additional offices in Shenzhen, Dalian, and Hanoi. Founded in 2009, the company specializes in developing and distributing point of sale terminals that facilitate smartphone-based payment methods, including QR codes and barcodes, catering to a variety of service providers. Its core offerings include StarPay, a multi-cashless payment solution; StarPay-DX, which addresses store operation challenges through digital transformation; and StarPay Global, aimed at promoting cashless payment solutions internationally. Additionally, Netstars provides mobile payment services, a multiple payment option gateway, and promotional services for inbound tourists, incorporating popular platforms such as WeChat Pay and Line Pay. The company also develops mobile instant messaging software to enhance user engagement.
o9 Solutions
Private Equity Round in 2020
o9 Solutions, Inc. is a developer of a cloud-based business management platform that facilitates digital transformations in integrated planning and operations. Its offerings include advanced tools for demand forecasting, commercial planning, and supply chain management, which help organizations streamline decision-making processes and improve efficiency. The platform leverages artificial intelligence to provide insights from various data sources, enabling clients to make informed decisions across supply chain and financial functions. Key products include Integrated Business Planner, PromoTouch for campaign management, and BusinessManager for resource allocation. With a focus on enhancing transparency and reducing silos, o9 Solutions serves various industries, including consumer goods, apparel, and retail. Founded in 2009 and headquartered in Dallas, Texas, the company has established a global presence with offices in multiple countries, including India, the Netherlands, Germany, Spain, South Korea, and Japan.
Transphorm
Private Equity Round in 2020
Transphorm, Inc. is a semiconductor company specializing in the design and manufacture of gallium nitride (GaN) field effect transistors (FETs) for high-voltage power conversion applications. Founded in 2007 and based in Goleta, California, the company provides a range of products suitable for sectors such as server and storage systems, photovoltaic inverters, automotive applications, and motor control. Transphorm's offerings include JEDEC and AEC-Q101 qualified GaN devices, combined with design and application support tailored to meet the needs of its expanding customer base across the Americas, EMEA, Japan, China, Korea, ASEAN, and Taiwan. Its vertically integrated approach fosters innovation throughout all stages of development, from design to fabrication and application support.
Hitachi Kokusai Electric
Acquisition in 2017
Hitachi Kokusai Electric Inc. is a manufacturer of advanced electronic equipment, specializing in video and wireless communication systems. The company offers a diverse range of products, including wireless communications infrastructure for mobile telecommunications, broadcasting equipment such as UHD and HDTV cameras, and multimedia information display systems. Additionally, it provides financial information systems, CATV equipment, and security surveillance solutions, which encompass various cameras and monitoring technologies. Hitachi Kokusai Electric also develops semiconductor manufacturing systems to support industries reliant on high-performance processing technology. Established in 1949 and headquartered in Tokyo, Japan, the company operates as a subsidiary of Hitachi, Ltd.
Koki Holdings
Acquisition in 2017
Koki Holdings is a Japan-based company primarily focused on the manufacture and sale of electric tools. It operates through two main segments: Electric Tools and Life Science. The Electric Tools segment provides a wide range of products including tools for metal and wood processing, construction, and home use, as well as cordless tools, air tools, woodworking machines, engine tools, gardening tools, dust collectors, and laser-ranging machinery. The Life Science segment specializes in various types of centrifuges, including ultracentrifuges and cooled centrifuges, catering to industrial applications. The company has a significant global presence, supported by numerous subsidiaries.
Calsonic Kansei Corporation
Acquisition in 2016
Calsonic Kansei Corporation is a Japan-based manufacturer primarily engaged in the manufacture and sale of automobile components. The Company operates in four geological segments, including Japan, North America, Europe and Asia. The Company is involved in the manufacture and sale of module products, including instrument clusters, heating, ventilation, and air conditioning (HVAC) units, electronic components, instrument panels and others; system products, including compressors, intake blower units, receiver driers and others, as well as other products, including clean filters and others.
Transphorm
Private Equity Round in 2015
Transphorm, Inc. is a semiconductor company specializing in the design and manufacture of gallium nitride (GaN) field effect transistors (FETs) for high-voltage power conversion applications. Founded in 2007 and based in Goleta, California, the company provides a range of products suitable for sectors such as server and storage systems, photovoltaic inverters, automotive applications, and motor control. Transphorm's offerings include JEDEC and AEC-Q101 qualified GaN devices, combined with design and application support tailored to meet the needs of its expanding customer base across the Americas, EMEA, Japan, China, Korea, ASEAN, and Taiwan. Its vertically integrated approach fosters innovation throughout all stages of development, from design to fabrication and application support.
Pioneer Corporation
Acquisition in 2014
Pioneer Corporation is a global manufacturer of electronic products for the consumers and professional markets. It manufactures and sells audio and video equipment for household, industrial, and automobile use. The company produces and sells visual and music software and media such as DVDs and CDs. It also provides car electronics, AVRs, laserdisc players, plasma computer monitors and televisions, Blu-ray disc players, technical audio devices, DJ equipment, and a wide range of sound systems. Pioneer Corporation is headquartered in Japan. The company was founded in 1938 by Nozomu Matsumoto. It was acquired by KKR & Co. on September 16, 2014.
PanAmSat
Acquisition in 2004
PanAmSat is a leading provider of satellite operations and telecommunications services, enabling the broadcast of television and video programming globally. The company operates a fleet of communications satellites that facilitate the transmission of nearly 2,000 television channels, including standard and high-definition signals, to a diverse range of clients such as entertainment networks, news agencies, internet service providers, and government entities. With a reach extending to over 98 percent of the world's population, PanAmSat supports cable television systems, broadcast affiliates, direct-to-home operators, and telecommunications companies across five continents. The company also offers streaming video capacity to various computer networks in countries like Australia, Japan, Korea, Taiwan, Peru, Chile, and Argentina. Founded in 1984 by television executive Reynold Anselmo, PanAmSat has established eleven offices and seven technical ground facilities worldwide, serving prominent clients including major news organizations and cable programming giants.