AEON’s Welcia Proposed Merger With Tsuruha Holdings Followed by AEON Tender Offer

True Wind Capital Acquires 19% Stake in SUNCORPORATION via Tender Offer

August 19, 2024

Manufacturing

True Wind Capital Management completed a tender offer to acquire 4,239,500 common shares (approximately 19%) of SUNCORPORATION for JPY 5,500 per share. The San Francisco-based private equity firm said the minority stake establishes a partnership with SUN's leadership to support long-term value creation and build on prior collaboration related to Cellebrite.

Ionis Pharmaceuticals to Acquire Remaining Stake in Akcea Therapeutics

August 31, 2020

Biotechnology

Ionis Pharmaceuticals agreed to acquire the approximately 24% of Akcea Therapeutics it does not already own for $18.15 per share in cash, implying a fully diluted transaction value of about $500 million. The deal will be executed via a tender offer followed by a second-step merger, and Ionis expects to complete the transaction in Q4 2020 to consolidate Akcea's pipeline, commercial products and cash while realizing cost synergies.

Nihon Kolmar (TOA Group) Acquires Tokiwa Cosmetics Group from Carlyle

June 6, 2024

Consumer Products

Global cosmetics ODM/OEM group Nihon Kolmar Holdings (together with its TOA Inc. subsidiary, the “TOA Group”) has agreed to acquire 100% of Tokiwa Cosmetics Group from The Carlyle Group. Tokiwa, a Nakatsugawa, Gifu Prefecture–based cosmetics R&D and contract manufacturer founded in 1948, will join TOA Group to strengthen its manufacturing, R&D and global supply capabilities; terms were not disclosed.

Neinor Homes to Acquire AEDAS Homes via €1,070m Tender Offer

June 16, 2025

Construction

Neinor Homes announced a fully backed €1,070 million tender offer to acquire 100% of AEDAS Homes. The offer is supported by committed capital injected into a new Neinor-owned SPV, with Castlelake (which owns 79% of AEDAS) entering a hard irrevocable agreement to tender its stake.

Nidec to Acquire Takisawa Machine Tool Co., Ltd. via Tender Offer

October 27, 2023

Manufacturing

Nidec Corporation decided to acquire Takisawa Machine Tool Co., Ltd. through a tender offer for Takisawa’s common shares. The tender offer was launched on September 14, 2023 and later extended until November 13, 2023 to maintain the tender offer period as amendments were made to the related notice/registration materials.

Kyowa Kirin Acquires Orchard Therapeutics

October 5, 2023

Biotechnology

Kyowa Kirin Co., Ltd. agreed to acquire Orchard Therapeutics plc for $16.00 per ADS in cash plus a $1.00 contingent value right (CVR), representing a potential total equity value of approximately $477.6 million. The acquisition gives Kyowa Kirin a leading HSC gene therapy platform and commercial asset Libmeldy, accelerating development and commercialization of Orchard's rare-disease gene therapies.