Longreach agrees Japan manufacturing carve-out

The North Asia-focused private equity firm will fully acquire Sol-Plus and Yasuda Seisakusho from Arrk Corporation, plus a 99% stake in its Thai subsidiary Hirai Seimitsu. The transaction is scheduled to close at the end of January.

Sol-Plus specializes in mold design, tooling and manufacturing, and in mass production of plastic parts, principally supplying Japanese customers in the automobile and consumer sectors.

Longreach plans to help the company develop its business in Asia.

The private equity firm focuses on buyouts and Japan and Greater China in the mature industrial and technology, financial and business services and consumer sectors. It has $1.4 billion in funds under management through LP commitments and co-investment capital, having reached a final close of $400 million on Fund II in September 2012.

As a corporate carve-out, Sol-Plus is very much in keeping with Longreach's strategy. In August the firm agreed to buy precision drilling business Hitachi Via Mechanics from Japanese conglomerate Hitachi.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Buyouts
• North Asia
• Industrials
• Japan
• Southeast Asia
• buyout
• The Longreach Group Limited
• manufacturing