Pacific Technology Partners Completes Co-Investment in NAKA & CO
LOS ALTOS HILLS, CA (Press Release) Saturday, June 05, 2010 — Pacific Technology Partners Completes Co-Investment in Leading Japanese Crystal Oscillator Company
Tokyo, Japan, June 5, 2010 — Pacific Technology Partners (PTP), the first pure play technology-focused private equity firm in Japan, announced today that it has made a co-investment alongside The Riverside Company in NAKA & CO. LTD (“Naka”). Naka is a leading producer of high end crystal oscillators, utilized in microwave telecommunications and other applications requiring high precision performance characteristics. Naka is headquartered in Yokohama-shi, Japan.
“We are excited about the opportunity to invest in this great little company with our friends at The Riverside Company,” said Grant Finlayson, co-founder of PTP. “Riverside is a great partner for us. They are the leading global investment firm focused on the smaller end of the middle market, with an outstanding track record building these smaller enterprises into bigger and better companies through acquisitions and value-added growth. The Riverside Asia team has done a tremendous job in securing this opportunity, and we are excited to be able to co-invest with them in such a high quality company.”
“We are pleased to participate as a co-investor alongside Riverside and PTP in Naka” said Motoya Kitamura, Senior Vice President of Macquarie Funds Group Private Equity which is also participating in the deal. “PTP’s technology and market knowledge increase our confidence that Naka’s business potential is significant.” “We are looking forward to working with PTP to further the success and growth of Naka,” said Stuart Baxter, Fund Manager of the Riverside Asia Fund.
About Pacific Technology Partners
Pacific Technology Partners is a private equity firm specializing in buyout and growth capital investments in established technology companies focused on the Japanese market. PTP was founded by Grant Finlayson and Adriaan Ligtenberg with the mission of achieving superior risk-adjusted returns by investing in Japan-centric companies with unrealized potential for significant growth and profitability. PTP works on a cooperative basis with the leading private equity firms in Japan, providing technology and market knowledge and typically making minority equity co-investments ranging from $5M to $30M. In addition, PTP provides strategic consulting services to technology companies and investors in the telecommunications, semiconductor, automotive and medical industries.
For information please contact: Grant Finlayson at gfinlayson@pacificfundmanagement.com or +1-925-937-1709.
###
Contact Name:
Adriaan Ligtenberg
Company:
Pacific Technology Partners
Phone Number:
+1-408-512-1236
Related posts:
- Dan Burton (R-IN): Why Is Toyota Taking So Long To Address Problems?
- Dupont (NYSE: DD) Deal With MECS Will Advance Clean Technology Industry
- Pell Grant Falls Short Leaves Many Students Without Options
- Dell, And Lenovo Show Positive Gains In Market HP, And Acer Decline
- Toyota Recalls And Japanese Currency Holding Strong Are Bad Omens