Acquisitions in Japan

Valore Holdings has completed the acquisition of Mirai Casting Group, a global automotive casting and engineering supplier, from Proterial, Ltd. Mirai operates R&D and manufacturing across Japan, Korea, the United States, and India and will continue to be led by Global President Toru Iwanaga and CFO Yuji Minami. Financing included a $126 million senior secured credit facility arranged with Second Avenue Capital Partners as administrative agent; financial terms of the acquisition were not disclosed.

Kaizen Analytix announced the acquisition of Nihon Technology, an IT services firm specializing in SAP implementation, digital transformation, and cybersecurity. The deal expands Kaizen’s presence in Japan and strengthens its Japan–India delivery model, adding offshore delivery capabilities in India while enhancing end-to-end modernization offerings that integrate data, analytics, and AI.

Zeeco, Inc. completed the acquisition of Applicot Corporation, a Japan-based combustion company and longtime Zeeco licensee, with the transaction finalized on January 13, 2026. The deal expands Zeeco’s footprint in Japan and is intended to broaden Applicot’s offerings beyond flare systems to a full range of combustion and environmental solutions while continuing to operate as a trusted brand in Japan as a wholly owned subsidiary.

SBC Medical Group Holdings (via its tender offeror SBC Medical Group Co., Ltd.) announced the final results of its tender offer to acquire shares of Waqoo, Inc., a Japan-listed regenerative medicine R&D company. SBC Medical will acquire 575,052 shares at JPY 1,900 per share (about JPY 1,092.5 million), and Waqoo’s largest shareholder Yoshiyuki Aikawa is expected to transfer his remaining shares off-market, resulting in SBC Medical exceeding 50% voting rights and becoming Waqoo’s parent company effective December 19, 2025.

FiEE, Inc. signed a share purchase agreement and technology transfer agreement to acquire 100% of Houren-Geiju Kabushikikaisha, including its assets such as software copyrights and patents, for $3.5 million. The transaction closed on November 30, 2025 and is intended to strengthen FiEE’s AI and blockchain-based digital authentication capabilities for brand management solutions.

Nagarro, a global digital engineering company, has acquired Inaho Digital Solutions (IDS), a boutique IT services provider focused on legacy application modernization and SAP S/4HANA transformations for Japan-based enterprises. IDS also provides cloud and data & analytics services via a bilingual delivery model with teams in Japan and India, strengthening Nagarro’s expansion and support for Japanese clients globally.

Viatris Inc. has acquired Aculys Pharma, Inc., a clinical-stage biopharmaceutical company focused on neurological conditions. The deal includes exclusive development and commercialization rights in Japan for pitolisant, and exclusive rights to commercialize Spydia in Japan and certain other Asia-Pacific markets. Viatris paid Aculys Pharma shareholders an upfront amount plus potential milestone-based payments and royalties on net sales.

ValueAct Capital filed a Large Shareholding Report in Japan disclosing an approximately 7.8% ownership position in Sun Corporation. ValueAct indicated it expects Sun to maximize the value of its investment in Cellebrite and stated it has engaged with management at both Sun and Cellebrite.

L Catterton announced a strategic investment in Japan-based Seki Furniture to support the company’s continued growth in Japan’s expanding furniture market. The partnership is intended to leverage L Catterton’s consumer-sector experience to help Seki Furniture scale across its wholesale residential furniture leadership position, its owned retail footprint, e-commerce channels, and its growing commercial furniture business.

KKR announced that funds it manages have acquired Hoken Minaoshi Hompo Group, Inc., a leading omnichannel insurance distributor in Japan. The business was purchased from investment funds serviced/managed by Advantage Partners, and KKR expects to support growth via sales enablement as well as organic expansion and bolt-on acquisitions.

KKR completed its tender offer for Topcon Corporation through TK Co., Ltd., an offeror owned by funds managed by KKR. Following settlement, KKR expects to own 80.32% of Topcon and plans to acquire the remaining shares via a share transfer or share consolidation to achieve full privatization in a management buyout process.

Suzuki Motor Corporation acquired all shares of RT.WORKS Co., Ltd., making RT.WORKS a wholly owned subsidiary. The acquisition is intended to strengthen Suzuki’s electric mobility development capabilities, building on prior joint development work around assist technologies for electric mobility and expanding mobility solutions such as electric assist walkers and life-support robots.

Japan-focused private equity firm The Longreach Group, working with independent sponsor/advisor Our Billion Ventures (OBV), agreed to a take-private of Lightworks Corp (TSE: 4267), a cloud-based corporate learning/LMS platform in Japan. The tender offer was priced at JPY 2,179 per share, representing a 68.91% premium to the average closing price over the prior three months, with CEO Natsuo Eguchi expected to remain in place post-transaction.

Podobas Global Investments, a private investment firm led by Wojciech Podobas, acquired a 5.08% equity stake in Tripla Co., Ltd., a Tokyo-based, Tokyo Stock Exchange-listed provider of AI-powered travel and hospitality SaaS solutions. The minority investment reflects the investor’s conviction in Tripla’s growth strategy and ambition to become a leading travel tech platform across the Asia-Pacific region.

L Catterton acquired Kisshokichi, described as the world’s largest Kobe beef restaurant chain, and will partner with the company to accelerate expansion. Founded in 2008, Kisshokichi operates around 50 restaurants across Japan and is also the world’s largest procurer of Kobe beef, supported by a central processing facility to improve operational efficiency.

Sony Group entered a strategic alliance with Bandai Namco Holdings by acquiring 16 million shares for approximately ¥68 billion, representing a 2.5% equity stake. The partnership will focus on expanding global fan communities and enhancing engagement with Bandai Namco intellectual properties, particularly in anime, by combining Sony’s content production and distribution capabilities with Bandai Namco’s IP strategy.

Tigermed announced it has completed the acquisition of Micron, Inc., a Japan-based contract research organization focused on medical imaging and clinical trial services. Micron, founded in 2005 and headquartered in Tokyo, will be integrated into Tigermed's global network as a key entity under Tigermed Japan to strengthen Tigermed’s medical imaging and clinical services capabilities across Japan and the Asia-Pacific region.

SBC Medical Group Holdings Incorporated (Nasdaq: SBC) acquired MB career lounge, Co., Ltd. via a cash share purchase on July 17, 2025. MB career lounge provides management support services to medical institutions in Japan, and the deal brings JUN CLINIC (supported by MB career lounge and operated by Medical Corporation Misakikai) into SBC Medical’s aesthetic clinic network to support expansion and service diversification.

Wabtec Corporation completed the acquisition of Evident’s Inspection Technologies division for $1.78 billion (approximately $1.68 billion after tax benefits). The business, formerly part of Olympus Corporation’s Scientific Solutions Division, strengthens Wabtec’s Digital Intelligence segment with non-destructive testing and remote visual inspection technologies across rail, mining and industrial end markets.

EQT (via BPEA Private Equity Fund VI and VII) has agreed to sell Pioneer Corporation to CarUX for USD 1.1 billion. Pioneer is a Japanese provider of in-car sound, navigation, and multimedia products and solutions for global OEMs and the consumer aftermarket. CarUX, a smart cockpit solutions company and subsidiary of Taiwan-based Innolux, expects the acquisition to create synergies and support Pioneer's global expansion; closing is expected in Q4 2025 subject to customary approvals.

Quaker Houghton completed its previously announced acquisition of Dipsol Chemicals Co., Ltd., a supplier of surface treatment and plating solutions for automotive and other industrial applications, for 23 billion JPY (~$153 million). The company also announced the acquisition of U.K.-based Natech, Ltd., a manufacturer of surface treatment chemicals, for approximately 4 million GBP (~$5.2 million).

Warburg Pincus, through the Warburg Pincus Asia Real Estate Fund (WPARE), acquired the Tokyo Beta portfolio, Japan’s largest share-house (co-living) rental housing portfolio with over 16,000 rooms. The investment marks Warburg Pincus’ first entry into Japan’s living/rental housing sector, with the portfolio continuing to operate under the Tokyo Beta brand and to be managed by Tosei Asset Advisors.

GE HealthCare completed the acquisition of Sumitomo Chemical's remaining 50% stake in Nihon Medi-Physics Co., Ltd. (NMP), resulting in full ownership. NMP, a Tokyo-headquartered radiopharmaceutical company, will operate within GE HealthCare’s Pharmaceutical Diagnostics segment to expand development and manufacturing of SPECT and PET radiopharmaceuticals for molecular imaging.

Nidec Corporation and Nidec Precision Corporation agreed to transfer Nidec Precision’s approximately 68.4% shareholding in Nidec Precision Yamada Corporation to joint-venture partner APIC Yamada Corporation. The share transfer agreement was executed on March 31, 2025 and the transaction closed the same day, making Nidec Precision Yamada a wholly owned subsidiary of APIC Yamada.

Mysten Labs announced it has acquired Parasol, a Web3 gaming infrastructure startup and end-to-end platform that helps game developers integrate blockchain functionality into games via APIs. Following the deal, Parasol’s tooling will support blockchain-based features such as item tokenization, marketplaces, and on-chain gameplay exclusively on the Sui blockchain, expanding the Sui gaming ecosystem and partner network.

Bain Capital signed a definitive agreement to acquire York Holdings’ headquarters and subsidiary management functions and its supermarket and specialty store businesses (the “SST Business Group”). The assets include supermarket chains Ito-Yokado and York-Benimaru and specialty/restaurant brands including Loft, Akachan Honpo, and Denny’s (via Seven & i Food Systems). The transaction is structured via an absorption-type split, with a partial reinvestment by Seven & i Holdings.

Carlyle agreed to sell TOTOKU Inc., a Japanese manufacturer of specialty wires and electronic devices, to SWCC Corporation and the Development Bank of Japan Inc. The transaction is subject to customary regulatory approvals and is expected to close by the end of March 2025.

Bain Capital signed a definitive agreement to acquire Mitsubishi Tanabe Pharma Corporation (MTPC) in a carve-out transaction from Mitsubishi Chemical Group Corporation. The deal values MTPC at approximately 510 billion JPY (about $3.3 billion USD) and is expected to close in the third quarter of 2025, subject to customary conditions and approvals.

Nuvei Corporation, a Canadian fintech company, completed the acquisition of Paywiser Japan Limited, including its acquiring license granted by Japan’s Ministry of Economy, Trade and Industry. The deal supports Nuvei’s expansion in Japan by enabling direct acquiring capabilities across major card schemes and broader connectivity to local alternative payment methods, with Tokyo serving as its Japan headquarters.

KKR, via its acquisition vehicle FK Co., Ltd., is pursuing a two-stage tender offer to acquire and privatize FUJI SOFT Incorporated. KKR completed the first-stage tender offer, becoming FUJI SOFT’s largest shareholder with roughly one-third of voting rights, and FUJI SOFT’s board has unanimously recommended KKR’s second tender offer while opposing Bain Capital’s proposal. The second-stage tender offer is expected to launch in mid-November at 9,451 yen per share, with prior tendering shareholders to be made whole if it succeeds.

Carlyle announced that it has acquired Kyoden Co., a Japanese manufacturer of printed circuit boards (PCBs) and electronics manufacturing services (EMS). Headquartered in Nagano Prefecture, Kyoden designs and manufactures PCBs and provides board assembly for a range of electronics applications, and Carlyle will partner with management to accelerate growth and international expansion.

DigitalBridge Group, Inc., through its SPV DB Pyramid Holdings, LLC, completed a tender offer to acquire a 75.62% controlling interest in Japan-based shared telecom infrastructure provider JTOWER Inc. for JPY 70.1 billion. DigitalBridge intends to take JTOWER private, after which DB Pyramid Holdings and Cultive (an asset management company affiliated with JTOWER’s representative director Atsushi Tanaka) are expected to be the sole shareholders, with delisting anticipated by Q1 2025.

Seino Holdings Co., Ltd. completed a share transaction to acquire 66.6% of Mitsubishi Electric Logistics Corporation from Mitsubishi Electric Corporation. Following the transfer, Mitsubishi Electric Logistics was renamed MD LOGIS CORPORATION, with Seino holding 66.6% and Mitsubishi Electric holding 33.4% of voting rights.

ICAPE Group, a global distributor of printed circuit boards (PCBs) and custom electromechanical parts, announced the completion of its acquisition of 100% of the Japanese NTW Group. NTW specializes in PCB distribution in Asia, expanding ICAPE Group’s footprint in the Asian PCB distribution market.

Nippon Express Holdings, Inc. (NX Group), via an investment by the NX Global Innovation Fund, acquired a stake in Spiral Inc. on August 23, 2024. Spiral is a Tokyo-based startup that develops non-SLAM autonomous indoor drone flight control systems (MarkFlex Air) for navigation in non-GPS/non-radio environments, with intended applications such as tunnel and dam inspections and planned expansion into Europe.

Nippon Express Holdings, Inc. (NX Group) made an equity investment in Spiral Inc. on August 23 via the NX Global Innovation Fund. Spiral is a Tokyo-based startup developing non‑SLAM flight control systems for autonomous indoor drones, and NX Group plans to support Spiral’s overseas expansion—particularly in Europe—through logistics support and collaboration with its Vienna-based subsidiary cargo-partner.

True Wind Capital Management, L.P., through an entity owned by its managed investment funds, successfully completed a tender offer to acquire 4,239,500 common shares of SUNCORPORATION (Tokyo Stock Exchange: 6736). The acquisition represents approximately 19% of SUNCORPORATION and was priced at JPY 5,500 per share in cash, with settlement expected on August 22, 2024 (JST).

Carlyle completed its tender offer to acquire shares of KFC Holdings Japan (KFC Japan). Following a subsequent squeeze-out process and a share repurchase from Mitsubishi Corporation, Carlyle expects to privatize KFC Japan and own 100% by late September 2024.

Carlyle has agreed to sell 100% of Tokiwa Cosmetics Group, a global cosmetics R&D and manufacturing company, to Nihon Kolmar Holdings (TOA Group). Tokiwa, founded in 1948 and headquartered in Nakatsugawa, Gifu Prefecture, Japan, operates as a major cosmetics ODM/OEM supplier with a large patent portfolio. Financial terms were not disclosed.

Accenture agreed to acquire, and subsequently completed the acquisition of, Japan-based OPENSTREAM HOLDINGS and its subsidiaries Open Stream and Neutral; financial terms were not disclosed. The deal adds roughly 1,000 cloud and digital professionals and expands Accenture’s capabilities in cloud, data, AI, IoT and systems integration for industries including manufacturing, logistics, retail, automotive and public sector/healthcare integrations in Japan.

Dexerials Corporation announced the integration of its wholly owned subsidiaries Dexerials Precision Components Corporation (DXPC) and Kyoto Semiconductor Co., Ltd. into a new consolidated subsidiary, Dexerials Photonics Solutions Corporation (DXPS). DXPS, headquartered in Shimotsuke, Tochigi, Japan, will commence operations on April 1, 2024 to develop and manufacture optical semiconductors and photonics-related devices.

Bain Capital Private Equity and Bain Capital Double Impact completed the sale of JWD Holdings 3 K.K. to INFRONEER Holdings Inc. in a transaction valued at approximately JPY218.9 billion (about $1.527 billion). JWD Holdings 3 K.K. owns Japan Wind Development Co., Ltd., which will become a wholly owned subsidiary of INFRONEER.

Private equity funds managed by Blackstone have entered into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. from Sony Bank, a wholly owned subsidiary of Sony Group. Sony Bank will roll over part of its equity and remain invested as a minority shareholder to support Sony Payment Services’ continued growth in Japan’s payments/fintech market.

BPEA EQT Mid-Market Growth Fund, part of EQT, has agreed to acquire a majority stake in HRBrain, a Japan-based HR/talent management cloud software provider. The stake is being purchased from existing shareholders, with founder Hiroki Hori retaining a significant minority stake and continuing as CEO. The investment is intended to support HRBrain’s continued product development and customer expansion, with closing expected in Q4 2023.

L Catterton made a strategic investment in Withmal, a growing veterinary services group in Japan. The investment is intended to support Withmal’s expansion in Japan’s fragmented veterinary clinic market and help small clinic owners address succession challenges by joining the group.

Thompson Street Capital Partners portfolio company Gurobi Optimization acquired October Sky, a Japan-based provider of mathematical optimization services and custom solutions. The deal is described as Gurobi’s first add-on acquisition, strengthening Gurobi’s presence in Japan and the Asia Pacific region; financial terms were not disclosed.

Qatar Investment Authority (QIA), via its subsidiary Qatar Holding LLC, has acquired a minority stake in Kokusai Electric Corporation, a Japan-based manufacturer of semiconductor production equipment. QIA purchased the shares from global investment firm KKR, aiming to support Kokusai’s growth as demand rises for advanced deposition and treatment equipment used in increasingly complex semiconductor devices.

SHL, a portfolio company of Exponent, announced it is acquiring SHL Japan, its longtime third-party distributor and local partner in Japan, via a public-to-private transaction. The deal is structured as a joint venture between SHL Group and Japanese recruitment specialist Mynavi, strengthening SHL’s presence in the Japanese talent assessment market.

Nidec Copal Electronics Corporation, a subsidiary of Nidec Corporation, completed the acquisition of all shares of Midori Precisions Co., Ltd. on March 31, 2023, making Midori Precisions a wholly owned subsidiary. The deal is intended to strengthen the Nidec Group’s position sensing (potentiometer and encoder) product lineup and expand global sales through Nidec Copal Electronics’ worldwide channels.

Bain Capital Private Equity and GIC signed definitive agreements to enter into joint ownership of WHI Holdings, whose core operating company is Works Human Intelligence, a leading HR software provider in Japan. The investors will be co-control shareholders, with additional capital intended to support WHI’s long-term growth, including expansion in cloud-based SaaS products and customer success efforts. WHI’s CEO Tomitaro Anzai and Chairman Yoshiro Ishikawa will also invest in the company.

KKR has completed its acquisition of Hitachi Transport System Ltd. (HTS) via special purpose entities HTSK Co., Ltd. and HTSK Holdings Co., Ltd., which now hold 100% of HTS’s voting shares. Hitachi Ltd. retains a 10% stake in HTSK Holdings while KKR owns the remaining 90%, and HTS will be renamed LOGISTEED, Ltd. effective April 1, 2023.

BPEA EQT (via the BPEA V Fund) has agreed to sell Bushu Pharmaceuticals, a pharmaceutical contract development and manufacturing organization (CDMO) in Japan, to KKR. Bushu, headquartered in Kawagoe, Japan, provides manufacturing and packaging services for a range of pharmaceutical products and the transaction is expected to close in Q1 2023, subject to customary approvals.

Bain Capital Private Equity entered into a definitive agreement to acquire a majority stake in Mash Holdings, Inc. Bain Capital plans to partner with Mash’s management team and employees to strengthen the business foundation and accelerate the company’s medium- to long-term growth across its consumer brands portfolio.

Accenture agreed to acquire Japanese data science company ALBERT Inc. following completion of a tender offer that exceeded the threshold for control. Accenture expects to purchase remaining shares and stock acquisition rights in subsequent months, after which ALBERT is expected to be delisted from the Tokyo Stock Exchange. The deal adds ALBERT’s team of data scientists and AI/big data analytics capabilities to Accenture’s Applied Intelligence practice.

A consortium led by affiliates of Bain Capital Private Equity, together with Japan Industrial Partners and Japan Industrial Solutions, successfully closed a tender offer to acquire common shares of Hitachi Metals, Ltd. The investor group plans to provide capital, management support, and industrial/technology expertise to accelerate Hitachi Metals’ growth, including opportunities tied to electric vehicles.

Bain Capital Private Equity signed a definitive agreement to acquire Evident Corporation, a subsidiary of Olympus Corporation. Evident manufactures microscopes, videoscopes, and non-destructive testing equipment for life science and industrial applications. The transaction is expected to close in the first quarter of 2023 subject to regulatory approvals and customary closing conditions.

Carrier Global Corporation has completed the acquisition of substantially all of Toshiba Corporation’s ownership stake in Toshiba Carrier Corporation (TCC), a joint venture and global provider of residential and light commercial HVAC solutions. The transaction, valued at approximately $900 million (subject to customary closing adjustments), strengthens Carrier’s position in VRF and heat pump markets and places TCC within Carrier’s newly created Global Comfort Solutions business unit.

Alpaca, a crypto and stock investing platform, closed the acquisition of Japanese licensed broker-dealer AlpacaJapan Co.,Ltd. The deal supports Alpaca’s global expansion strategy by adding an FSA-approved broker-dealer presence in Japan and enabling expanded embedded investing and API-based brokerage products for Japanese businesses and investors.

VISEO, a global digital transformation and IT consulting firm, completed the acquisition of Warp Japan, a Tokyo-based boutique digital agency. The deal expands VISEO’s digital services capabilities and accelerates its growth in Japan and the broader Asia Pacific Japan region, leveraging Warp’s strengths in digital strategy, marketing, content creation, and web/mobile/e-commerce development.

Aspirant Group, a Japanese private equity firm, agreed to acquire controlling stakes in John MastersOrganicsGroup, Inc. and its US subsidiary John Masters Organics Inc. from existing shareholders including JMO Holdings Limited. The acquisition leaves the company’s business operations unchanged, and Yoshimune Noda will continue as CEO and Chief Branding Officer.

Kioxia Holdings Corporation completed the acquisition of Chubu Toshiba Engineering Corporation from Toshiba Digital Solutions Corporation, a subsidiary of Toshiba Corporation. The deal is intended to strengthen Kioxia Group’s technology development capabilities and improve efficiencies across the design, operation, and production of its semiconductor manufacturing plants. Following the transaction, the acquired company will operate as a wholly owned subsidiary of Kioxia Corporation and be renamed Kioxia Engineering Corporation.

Tacen, a U.S.-based legal-first crypto software company, announced the acquisition of Japan-based software developer Kawazu Sakura Software. The deal more than doubled Tacen’s engineering team and is intended to accelerate development of Tacen’s hybrid-decentralized exchange (hDEX) and related compliant crypto software offerings, while expanding its footprint in Japan.

An affiliate of Lone Star Funds acquired SENQCIA Corporation, a Japan-based structural building materials company headquartered in Tokyo; financial terms were not disclosed. SENQCIA designs, manufactures, distributes, and installs structural and building safety products including seismic reinforcement solutions and raised access (including clean room) floor systems.

Bain Capital Private Equity acquired all shares of Evident Corporation from Olympus, following regulatory approvals in Japan and other jurisdictions. Evident, formerly Olympus’s Scientific Solutions Division, manufactures microscopes, videoscopes, and non-destructive testing equipment for life science and industrial markets.

IFCO Japan, a wholly owned subsidiary of IFCO (a Triton Fund V portfolio company), completed the acquisition of Sanko Lease’s reusable packaging container (RPC) pooling services business in Japan. The acquired business will be transferred to IFCO Japan and succeeded by IFCO Oricon Co., Ltd., effective March 1, 2022, expanding IFCO’s pooling asset base and service center network. IFCO Japan and Sanko Group also entered into a long-term strategic partnership for the Japanese market.

KKR completed the acquisition of Yayoi Co., Ltd., a Japanese developer and provider of financial/accounting and tax-filing software for SMEs and sole proprietors. The business was acquired from ORIX Corporation after receiving all required regulatory approvals, with KKR investing through its Asia IV Fund.

L Catterton’s Asia fund made a strategic investment in Ci FLAVORS, the holding company for Japan-based Cosme Company, a multi-brand haircare and skincare business. L Catterton will partner with Ci FLAVORS’ management to accelerate new brand development and support international expansion.

The Jackson Laboratory (JAX) acquired Charles River Laboratories Japan’s Research Models & Services (RMS) business and will operate it as a wholly owned subsidiary. The acquired Japan-based organization will be renamed The Jackson Laboratory Japan and includes approximately 250 employees, three production sites (Atsugi, Hino, Tsukuba), and an administrative office in Yokohama.

Houlihan Lokey, Inc. acquired GCA Corporation through a tender offer that resulted in Houlihan Lokey owning approximately 90% of GCA’s common stock, with GCA becoming part of Houlihan Lokey effective immediately. Houlihan Lokey subsequently acquired the remaining outstanding GCA shares, completing the combination and operating as one firm under the Houlihan Lokey brand (with an Asia brand transition expected in early 2022). The transaction significantly expands Houlihan Lokey’s technology advisory capabilities and strengthens its geographic footprint, particularly in Asia-Pacific and Europe.

The Riverside Company has sold Y International, Japan's leading high-end bike retail chain, to Daiwa PI Partners for undisclosed terms. Riverside originally invested in Y International in 2013 and helped professionalize the business while expanding eCommerce capabilities and analytics, along with geographic store expansion across Japan.

Validant, a healthcare quality, compliance and regulatory consulting group backed by GHO Capital Partners LLP, has acquired IDEC Inc., a leading regulatory consultancy in Japan. The deal adds a direct presence in Tokyo and expands Validant’s Asia regulatory capabilities alongside its prior acquisition, DataRevive, which supports global regulatory strategy and has established a China office.

hey, a Japan-based payments and e-commerce platform, raised a Series E growth investment led by Bain Capital Tech Opportunities, with participation from PayPal Ventures, Goldman Sachs, YJ Capital, Anatole, and existing investor World Innovation Lab. In conjunction with the financing, hey acquired Coubic, a consumer-facing reservations platform, to expand into adjacent categories. Financial terms were not disclosed.

Bain Capital Private Equity completed a majority investment in Showa Aircraft Industry Co Ltd, resulting in Bain Capital fully owning the business and the company being delisted from the Second Section of the Tokyo Stock Exchange. The total consideration was approximately ¥90 billion (US$817 million). Showa Aircraft operates a transportation-equipment manufacturing business and holds significant real estate and consumer-services assets in Akishima City, Japan.

ETVOS Co., Ltd., a Japan-based natural cosmetics brand, announced it has received a significant investment from the Asia fund of L Catterton. L Catterton will partner with ETVOS’s management team to support growth initiatives including expanding its store footprint and enhancing the customer experience, with an emphasis on growth in Japan and across Asia.

Avidity Science, a portfolio company of ShoreView Industries, has acquired Edstrom Japan Ltd. Edstrom Japan, based in Tokyo, supplies equipment, consumables, and services to Japan’s life sciences research market, expanding Avidity’s global footprint and customer relationships in the region.

Bain Capital Private Equity signed an agreement with Works Applications Co., Ltd. to acquire its HR-related business and subsidiaries, including personnel and payroll software. Works Applications will split in August 2019, transferring the HR business to a newly established company, and Bain Capital will acquire 100% of the shares in that new entity; financial terms were not disclosed.

Lionbridge acquired Gengo, a Tokyo-based technology company providing crowdsourcing, machine learning, and localization services, including its AI training-data platform Gengo.ai. The deal is intended to strengthen Lionbridge’s position in machine learning and content relevance while expanding its footprint in Japan and broader Asia. Financial terms were not disclosed.