J-Star makes 12th investment, in Taiheiyo-Seiki
Japanese private equity firm J-Star has taken a majority stake in Taiheiyo-Seiki Co. (THY), a privately held construction machinery manufacturer and seller, representing J-Star’s 12th investment since its 2006 launch.
The deal’s size has not been disclosed, though the investment was made through the J-Start Number One Investment LLP. THY, which focuses on the production of machinery’s carriage parts, is in line with J-Star’s investment strategy as the firm targets growth opportunities linked to the increasing demand for infrastructure-related products and services. THY is recognized as a leader in its niche, claiming JPY14 billon ($174.2 million) of consolidated sales in FY10. It operates several manufacturing plants in both Japan and China, and supplies machinery products to major global construction firms in areas such as Japan, China, Korea and Europe.
Deloitte Tohmatsu FAS served as financial advisor, and Baker &McKenzie acted as the legal advisor to the deal.
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