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Welcome to Eurotechnology-Japan in Tokyo!
We build the Japan business for European and US corporations.
We help Japanese corporations refocus and globalize.
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acquiring a Japanese company to build business in Japan:
Until recently there have been enormous legal and many other actual or emotional barriers against acquisitions
of Japanese corporations by foreign enterprises.
Recently, this situations has changed and the Japanese government openly welcomes
acquisitions of Japanese corporations by foreign companies. Spectacular cases are
acquisition of part of Nissan by Renault, or acquisition of the Long Term Credit Bank of Japan
by Ripplewood. Another outstanding example is GE, which has invested approximately
US$ 15 Billion in recent years.
Still, acquisitions of Japanese corporations by foreign companies
are very very rare compared with other advanced industrial nations: there are only around 50-60
cases per year.
However, in addition to the spectacular cases involving large corporations and multinationals,
there are also foreign acquisitions of small Japanese companies by medium sized or small foreign
corporations. Therefore for the first time in history, acquisition of a small or medium sized
Japanese company has become a realistic but still difficult option for a foreign company to accelerate
business growth in Japan.
Increasing M&As of Japanese corporations by foreign corporations:
(This is slide No. 17 of our recent talk at Stanford University -
you can find the full slide show here.).
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- Long term strategy comes first!
- As anywhere else, business should never be driven by
opportunity alone! You should never think of acquiring a Japanese company, just if you come across
what you think is a good "opportunity". We can assist you
to research and prepare a well founded business strategy and business plan.
- How to find a suitable Japanese
corporation as a candidate for acquisition?
- You may only know a few Japanese companies. However,
there are more than 1000 Japanese companies with more than US$ 1 Billion sales per year. For example, our search
in a particular specialized high-technology service area revealed more than 100 highly specialized
Japanese companies for this particular service. In Europe and in USA it may be sufficient to consider
technical capabilities, financials, due-diligence alone. However, in the case of Japanese companies
it is also necessary to understand
a number of cultural issues for an investment transaction: we are specialized in working on these cultural issues,
and our assistance my contribute to avoid problems down the road.
- What are the major difficulties
when acquiring a Japanese corporation?
- Of course many of the basic issues are similar
as in all other countries: you need to understand the legal situation, you need legal
advice from local lawyers, you need to do due diligence etc.
However, there is a whole range of specifically Japanese difficulties which you need to be aware of, and you need
to implement appropriate solutions for your transaction to be successful in the long term. We can assist you with many of these "cultural" issues, and
if necessary coordinate the work of approrpriate legal or financial specialists. Due diligence also needs
to take account of particular local circumstances and is often difficult.
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Eurotechnology can prepare a short-list of possible candidate companies for you:
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We have a very deep and broad network of cooperations and professional contacts
and in addition we have developed efficient methods to find appropriate
partners for your investment or acquisition. We can produce a short-list of
suitable partners to approach in a culturally acceptable way.
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Due diligence, Preparations and inducing the Transaction:
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We can work with appropriate professionals to induced the transaction,
perform due diligence etc.
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Post-Merger/Post-Acquisition:
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Even in Europe and in the USA the post-merger or post-acquisition phase
is the most difficult and risky part. In the case of a Japanese corporation this is even more true.
Many cultural issues may arise. We offer build-operate-transfer and
interim-management solutions for post-mergers.
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Interested?
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Please feel free to contact us at:
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- Contact:
- Eurotechnology Japan K. K.
Shinagawa Intercity Tower A 28 Floor
2-15-1 Konan, Minato-ku
Tokyo 108-6028
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- Telephone, FAX, Email:
- Tel. +81-3-6717-4160
FAX. +81-3-6717-4141
Email:
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