Riverside makes second Japan investment in Naka & Co.
Leading SME-focused private equity firm The Riverside Company has made its fourth investment, and second Japan investment, from its Riverside Asia Fund into Naka & Co., Ltd., a manufacturer and distributor of crystal oscillators.
The firm acquired Naka 100% for an undisclosed sum. The Kanagawa-based company develops, manufactures and distributes high-end crystal oscillators and crystal units used by product-development companies across several sectors. Naka's key clients include mobile equipment vendors, who use its devices in microwave backhaul equipment. This technology provides interconnectivity among base stations – an application that demands high reliability and threshold specifications.
Riverside Partner Kiyofumi Nakano said that his firm aims to expand Naga's portfolio of global customers by touting the company's experience in meeting superior specifications, aided by the ongoing expansion of the wireless network market worldwide.
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