Marunouchi Capital makes its third deal
Marunouchi Capital, a buyout firm equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities Holdings, will acquire a stake in Yamamoto Seisakusyo, Inc., a Saitama-based die manufacturer.
Financial details were not disclosed.
Established in 1966, Yamamoto specializes in fine blanking press in the auto parts industry, claiming total revenue of JPY14 billion ($170 million) in 2010. Although, Yamamoto has become the leading company in the industry, the company will require additional capital to protect it from the continuous instability of the automotive business since GFC. Yamamoto is looking to expanding sales abroad, especially into China.
Marunouchi Capital manages a JPY100 billion ($1.2 billion) fund. This investment will be the third deal the buyout firm has done, following its 2009’s investments into Tomy, local toy maker, and Joyful Company, home centre chain operator in Japan.
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