Transaction Details

August 31, 2020
Tokyo

Sector

Technology

Deal Type

M&A, ESG

Deal Team

GCA: Akikazu Ida, Hisashi Yoshimura, Shohei Taniguchi, Yohei Kobayashi, Keisuke Kosai, Keigo Yoshioka
GCA FAS: Mitsutaka Ito, Kazuki Sonoda

Advisor to Fujitsu Limited on the sale of its mobile phone retail business to T-Gaia

Fujitsu is a global leading IT and IT Services company with JPY 3.9 trillion (US$ 36 billion) revenue and JPY 2.8 trillion (US$ 27 billion) market cap.

T-GAIA is the largest mobile handset retailer in Japan and a listed affiliate of Sumitomo Corporation (TSE:8053), an integrated trading company engaged in multifaceted business activities on a global scale.

The Target Business was established by Fujitsu at the time they actively manufactured and sold mobile handsets and grew as an independent retailer (to sell not only Fujitsu but all the brands) to #8 position in the Japanese market.

In the last years Fujitsu has been accelerating non-core divestitures to focus on its core IT and digital services business. GCA advised Fujitsu in 2018 on the sale of its listed subsidiary Fujitsu Component, and has also advised its subsidiaries on divestures. This transaction is the 6^th completed assignment with Fujitsu and its subsidiaries for GCA Japan, and GCA Japan bankers have collectively, including at their previous firms, advised 10 transactions for Fujitsu, demonstrating strong relationship and capabilities in the tech sector.

The transaction has customary closing conditions and is expected to close in Q4 2020. GCA Japan served as exclusive financial advisor to Fujitsu on this transaction.

ESG Advisory – Dealmaking with Impact

Related Transactions

GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.