2023.05.22 Mon
Underwriting of Bonds with Stock Acquisition Rights and Stock Acquisition Rights Issued by Sakai Chemical Industry Co., Ltd. and Conclusion of Business Alliance Agreement
May 22,2023
A special purpose vehicle partly owned by a fund managed or serviced by IA Partners Inc. (CEO: Hiroshi Murakami; hereinafter, IAP) has announced that it will underwrite bonds with stock acquisition rights and stock acquisition rights issued by Sakai Chemical Industry Co., Ltd. (President, Representative Director: Toshiyuki Yagura; hereinafter, Sakai Chemical Industry) through third-party allotment (hereinafter, the Transaction). In addition, a business alliance agreement has been concluded between IAP and Sakai Chemical Industry as of today.
Sakai Chemical Industry is a general chemical manufacturer founded in February 1932. The mission of the company is to create a friendly future through chemistry. With constant refinement of its core technologies in barium and titanium oxide (inorganic powder processing, organic synthesis, pharmaceutical manufacturing), the company works to develop commercial products meeting the needs of the times, thus supporting development of state-of the art items like smartphones, automobiles, and cosmetics.
IAP aims to support investment in large and medium-sized companies and carve-out strategies for their group companies and business divisions. The core of our investment activities is to strengthen management base and realize the growth potential of domestic companies through measures such as M&A. After the execution of the Transaction, we will provide management and financial support by leveraging the knowledge that IAP has cultivated on the basis of the advanced manufacturing technology developed by Sakai Chemical Industry. We will provide support for formulation of the company’s next medium-term management plan and execution of its portfolio, M&A, financial and IR strategies.
With IAP’s purpose of “Invest and Associate as a Partner,” IAP is determined to not only create economic value, but also to create social value, by connecting investors and portfolio companies as well as by meeting the expectations of all stakeholders through its investment activities.
Transaction Schedule
May 22, 2023: Conclusion of business alliance agreement
June 7, 2023: Execution of underwriting agreement for bonds with stock acquisition rights and stock acquisition rights (planned)
Overview of Sakai Chemical Industry
| Name | Sakai Chemical Industry Co., Ltd |
| Established | February 25, 1932 |
| Address | 5-2, Ebisujima-cho, Sakai-ku, Sakai-shi, Osaka |
| President Representative Director | Toshiyuki Yagura |
| Business | Manufacturing and sales of titanium dioxide, barium & strontium products, zinc products, plastic additives, catalyst products, electronic materials, cosmetic raw materials, and others |
| Capital | JPY21,838mn |
| Major shareholders and shareholding ratio | (As of September 30, 2022) The Master Trust Bank of Japan, Ltd. (Trust account): 11.81% Custody Bank of Japan, Ltd. (Trust account): 10.04% |
| Sales | (FY2022) JPY83,861mn |
Overview of IA Partners Inc.
| Name | IA Partners Inc. https://iapartners.jp/ |
| Date of establishment | March 30, 2021 |
| Address | 16F Roppongi Hills North Tower, 6-2-31 Roppongi, Minato-ku, Tokyo |
| President & CEO | Hiroshi Murakami |
| Business | Management of private-equity investment funds, and investment advisory and agency services (*Our investment advisory services are only available for Professional Investors as defined in the Financial Instruments and Exchange Act in Japan.) |
| Registration number | Director General of the Kanto Local Finance Bureau (Kinsho) No. 3284 (Investment Advisory and Agency Business) |
Contact for inquiries on this release.
IA Partners Inc.
Tel : +81-3-6831-9260
E-mail : info@iapartners.jp