Bain Capital to Acquire Mitsubishi Tanabe Pharma in $3.3B Carve-Out

KKR Acquires Bushu Pharmaceuticals from BPEA EQT

December 20, 2022

Pharmaceuticals

KKR has agreed to acquire Bushu Pharmaceuticals, a leading Japanese pharmaceutical CDMO headquartered in Kawagoe, from the BPEA V Fund (BPEA EQT). Bushu operates four manufacturing facilities across Japan, employs around 1,600 people, and provides contract development and manufacturing services for pharmaceuticals and medical devices; the deal is expected to close in Q1 2023 subject to customary approvals.

Bain Capital-Led Consortium Acquires Hitachi Metals

October 26, 2022

Manufacturing

A consortium led by Bain Capital Private Equity, together with Japan Industrial Partners (JIP) and Japan Industrial Solutions (JIS), closed a tender offer to acquire Hitachi Metals, Ltd. The investors said they will provide capital and management support to accelerate growth and pursue opportunities in areas such as electric vehicles; Hitachi Metals reported ¥942.7 billion in revenue and about 27,700 employees as of March 2022.

Shionogi Acquires Tetra Therapeutics

May 26, 2020

Biotechnology

Shionogi & Co., Ltd. agreed to acquire clinical-stage biopharmaceutical company Tetra Therapeutics, giving Shionogi global rights to Tetra's portfolio including BPN14770. The deal, announced May 26, 2020, is valued at up to $500 million in milestone and contingent payments.

Bain Capital Private Equity Acquires Showa Aircraft Industry

May 11, 2020

Manufacturing

Bain Capital Private Equity completed a majority buyout of Showa Aircraft Industry Co., Ltd., paying approximately ¥90 billion (US$817 million) and delisting the company from the Tokyo Stock Exchange. Bain said it will support redevelopment of Showa Aircraft’s significant real estate assets in Akishima and leverage operational expertise to grow the company’s manufacturing business, which produces honeycomb core panels and other transportation-industry components.

Bain Capital Private Equity to Acquire FIS – Fabbrica Italiana Sintetici

July 7, 2023

Pharmaceuticals

Bain Capital Private Equity has reached binding agreements to acquire the Ferrari family’s shareholding in FIS – Fabbrica Italiana Sintetici S.p.A. The purchase transfers ownership from Nine Trees Group (NTG) and the Ferrari Family to Bain Capital, positioning FIS to pursue further international growth and capacity expansion in API development and manufacturing.

Bain Capital to Acquire FineToday Holdings

February 2, 2026

Consumer Products

Bain Capital has entered into a definitive agreement with Oriental Beauty Holding (HK) Limited, a CVC Capital Partners–advised fund, to acquire 100% of FineToday Holdings Co., Ltd. Bain Capital will take FineToday private to support its next phase of growth across Japan and broader Asia.