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      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

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Integral Corp.

integral-office
Integral makes partial exit from Japan’s Skymark

Japanese private equity firm Integral Corporation has sold most of its remaining position in Skymark Airlines, the budget air carrier it took public in December last year.

  • North Asia
  • 09 November 2023
fertilizer-farm-agriculture
Japan's Integral agrees strategic exit for fertiliser maker Nitto FC

Japanese GP Integral Corporation has agreed to sell fertiliser maker Nitto FC to Ichinen Holdings, a listed automotive supplier with interests in industrial chemicals, for an undisclosed sum.

  • North Asia
  • 01 November 2023
software-computer-code
Integral backs Japan software player TCS

Japanese private equity firm Integral Corporation has invested an undisclosed sum in local IT services and business software company TCS Group.

  • North Asia
  • 30 August 2023
tse-tokyo-stock-exchange
Japan's Integral files for IPO

Japanese private equity firm Integral Corporation has been approved to go public on the Tokyo Stock Exchange via an IPO that could raise up to JPY 29.3bn (USD 201m).

  • North Asia
  • 18 August 2023
integral-office-2
Japan's Integral buys UPT from Advantage, sells BTC to Capgemini

Japanese middle market private equity firm Integral Corporation has acquired United Precision Technologies (UPT), which supplies components used in smart devices, from Advantage Partners and sold IT consulting business BTC to Capgemini.

  • North Asia
  • 26 June 2023
japan-tokyo-shibuya
Japan buyouts: Bucking the trend

Japan remains a private equity hotspot despite muted buyout activity elsewhere in Asia. Take-private and sponsor-to-sponsor opportunities make for a more textured local market

  • North Asia
  • 06 June 2023
2023 preview: Japan middle market

Confidence in Japan’s middle market is whipping up new deal flow, new funds, and new exit channels that will play out in 2023. This includes the possible reanimation of a dormant IPO market

  • North Asia
  • 14 December 2022
avcj-japan-2022-middle-market
Currency, exit, labour issues worry Japanese GPs - AVCJ Forum

Currency depreciation, dwindling domestic IPO opportunities, and labour shortages are all their toll on the portfolios of middle-market Japanese private equity firms, the AVCJ Japan Forum heard.

  • North Asia
  • 05 October 2022
coffee-cup-drink
Integral pursues $144m tender for Japan office services business

Integral Corporation has launched a tender offer for Daiohs Corporation, a Tokyo-listed provider of office services – such as coffee machines and water dispensers as well as cleaning services – at a valuation of approximately JPY 20.2bn (USD 144m).

  • North Asia
  • 05 September 2022
online-advertising-marketing-02
Bain targets $102m Japan advertising take-private

Bain Capital has won board approval from Net Marketing, a Tokyo-listed online advertising and media management business, for a take-private that values the company at approximately JPY 13.6bn (USD 102m).

  • North Asia
  • 12 August 2022
fertilizer-farm-agriculture
Portfolio: Integral Corporation and Nitto FC

Japan’s Integral Corporation treads lightly in the conservative agriculture space as it helps fertilizer maker Nitto FC evolve from an owner-centric culture to a more distributed power structure

  • North Asia
  • 21 July 2021
Longreach sells Japanese jeweler to Integral

The Longreach Group has exited Primo Japan to Integral Corporation for an undisclosed sum. This makes Integral the jewelry retailer’s fourth consecutive private equity owner.

  • North Asia
  • 28 January 2021
integral-office
Fund focus: Integral scales up again

Riding on a wave of IPOs that have returned the principal on Fund II and given Fund III a strong start, Integral Corporation has secured $1.18 billion in commitments for its fourth Japan fund

  • North Asia
  • 17 December 2020
integral-office-2
Japan's Integral completes $1.2b fundraise

Integral Corporation has become the second independent Japanese private equity manager since the global financial crisis to surpass $1 billion in fund size, closing its fourth mid-market buyout vehicle at the hard cap of JPY123.8 billion ($1.18 billion).

  • North Asia
  • 11 December 2020
japan-charts-performance-flag
Japan fundraising: Middle-market machine

Buoyed by strong macro fundamentals and robust returns, Japan’s buyout managers continue to attract capital while most other strategies across Asia struggle. Will this popularity be sustained?

  • North Asia
  • 28 October 2020
tgarden-japan
Deal focus: Integral discovers booming cosmetics niche

Now under private equity ownership, T-Garden is credited with pioneering fashion model-led contact lens marketing in Japan - and helping an often-overlooked market creep into the mainstream

  • North Asia
  • 14 April 2020
beauty-contact-lens
Integral buys Japanese contact lens maker

Integral Corporation has acquired T-Garden, a Japanese company that makes cosmetic contact lenses, for an undisclosed sum.

  • North Asia
  • 30 March 2020
Integral pursues $316m buyout of Japanese software developer

Integral Corporation has won management support for a tender offer for Japanese software development and IT consulting business Mamezou Holdings at a valuation of JPY34.4 billion ($316 million).

  • North Asia
  • 31 January 2020
Japan carve-out opportunity moves beyond conglomerates

Japan’s corporate carve-out opportunity set is expanding as smaller firms begin to follow the example of conglomerates, according to domestic mid-market GP Integral Corporation.

  • North Asia
  • 23 September 2019
Integral agrees carve-out of Japanese refrigerator supplier

Integral Corporation has agreed a JPY50 billion ($471 million) carve-out of a subsidiary of Tokyo-listed Sanden Holdings Corporation that supplies refrigerators for use in convenience stores and vending machines.

  • North Asia
  • 09 August 2019
Japan's Advantage exits telemarketing business

Advantage Partners has agreed to sell Customer Relation Telemarketing (CRTM), a call center business it acquired three years ago, to fellow Japanese private equity firm Integral Corporation.

  • North Asia
  • 09 October 2017
Japan buyout investors must consider post-deal positioning - AVCJ Forum

Private equity deal flow is increasing in Japan’s middle market, but buyers should be mindful that their responsibilities to sellers stretch well into the post-investment period, industry participants told the AVCJ Japan Forum.

  • North Asia
  • 23 June 2017
Japan fundraising: Middle market momentum

Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?

  • North Asia
  • 10 May 2017
Integral closes third Japan mid-market fund at $670m

Integral Group has closed its third Japan mid-market buyout fund at the hard cap of JPY73 billion ($670 million), with domestic LPs accounting for approximately three quarters of the corpus.

  • North Asia
  • 20 April 2017
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