TOKYO, May 11, 2020 – Bain Capital Private Equity today announced that it has completed a majority investment in Showa Aircraft Industry Co Ltd (7404:TSE). Bain Capital now fully owns the business and Showa Aircraft Industry has been delisted from the Second Section of the Tokyo Stock Exchange.
The total consideration of the transaction was approximately ¥90 billion (US$817 million).
Founded in 1937, Showa Aircraft is a unique enterprise contributing to several important Japanese business sectors including manufacturing of transportation equipment, real estate and consumer services. The company is a leading manufacturer of products for the transportation industry, including honeycomb core panels and other industrial applications. It also operates a significant portfolio of properties and commercial facilities in Akishima City, including golf courses, hotels and shopping malls.
David Gross-Loh, a Managing Director of Bain Capital Private Equity, said, “We are pleased to partner with Showa Aircraft, a well-established company that contributed significantly to the development of Japan’s transportation industry for more than 80 years. Through the redevelopment of Showa Aircraft’s real estate assets, we hope to support the local economy in Akishima and meet the growing demands of the city’s expanding population. We will leverage our deep operational expertise to support and grow the company’s manufacturing business.”
Bain Capital Private Equity first established a presence in Japan in 2006 upon opening an office in Tokyo and now employs more than 30 professionals. With deep-rooted experience in investing and building businesses around the world, Bain Capital Private Equity has supported the domestic and global expansion of businesses including Kioxia (formerly Toshiba Memory Corporation), ADK, Skylark, BELLSYSTEM24, Oedo Onsen, Macromill, and Japan Wind Power.
About Bain Capital Private Equity:
Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of approximately 240 investment professionals create value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has offices in Boston, Chicago, New York, Palo Alto, San Francisco, Dublin, London, Luxembourg, Madrid, Munich, Guangzhou, Melbourne, Mumbai, Hong Kong, Seoul, Shanghai, Sydney and Tokyo. The firm has made primary or add-on investments in more than 875 companies since its inception. In addition to private equity, Bain Capital invests across asset classes including credit, real estate, public equity and venture capital, managing more than USD 105 billion in total and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.