Investment Types
Flexible choice of investment types in response to needs of Japanese companies
Full Hands-on
- Share % of IAP
c.50% ~ 100%
- Objectives(examples)
-
Corporate reform including shareholder composition / long-term strategy by delisting.
Spin-off of subsidiary/business division.(including multiple phase spin-off)
Maximize enterprise value with existing shareholder.
- Value Creation Initiatives
-
Dispatch key managerial positions and intensively engage in value creation initiatives.
※ Agree on the content based on % share and needs of the target.
Structuring
IAP holds all shares
Existing shareholder(s)
remain as minority
Existing shareholder(s)
remain as majority
Semi Hands-on
- Share % of IAP
5% ~ 50% (diluted basis)
- Objectives(examples)
-
Provide resource such as human resource and growth capital
Support financing for acquisition and post acquisition monitoring
- Value Creation Initiatives
-
Discuss with the target company / strategic partner and decide (not all but limited) area of value creation support
Structuring
Hold minority shares through
underwriting CBs / Prefs
Co-invest in the target company
with a strategic partner
