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Showa Denko sells an energy storage device, while Metal Component acquires GainHealth. Photo credit: Pixabay
Quynh Nguyen, Nguyen Thi Bich Ngoc, Nguyen Thi Bich Ngoc, Nguyen Thi Bich Ngoc, Nguyen Thi Bich Ngoc, Ngu
Showa Denko Materials’ energy storage devices business will be acquired by Advantage Partners and Tokyo Century Corporation, while Singapore’s Metal Component Engineering Limited has acquired a majority position in GainHealth Pte Ltd.
Showa Denko Materials is a company that sells energy storage equipment.
Advantage Partners and Tokyo Century Corporation have agreed to buy Tokyo-based chemical company Showa Denko Materials’ energy storage devices and systems division.
The transaction’s value was not disclosed.
The goods of the targeted unit are used in Japan’s automobile industry as well as other industrial applications. The company was founded in 1916. It has also expanded its service to other countries, including Thailand and Taiwan.
In a statement, Advantage Partners stated, “The target firm may be projected to achieve profit growth and consistent cash flows by growing the automotive and industrial storage battery industries, where strong demand is expected to continue.”
The rise of e-commerce, cloud services, next-generation telecommunications networks, the expansion of renewable energy markets, and substantial environmental contributions in the ASEAN area will all boost energy storage demand, according to the firm.
Fasford Technology, Fujitsu Interconnect Technologies Limited, and Q’sai Co Ltd are among Advantage Partners’ other recent carve-out investments.
In 2019, Tokyo Century Corporation, a limited partner in Advantage Partners’ funds, purchased a 14.9 percent general partner investment in the PE company.
GainHealth is purchased by SG’s Metal Component, which owns 85 percent of the company.
For S$4.25 million ($3.1 million), Singapore-based Metal Component Engineering Limited purchased an 85.07 percent ownership in GainHealth Pte Ltd, which operates the omnichannel health and wellness platform GainHealth.
GainHealth said in a statement that the acquisition allows it to diversify and develop into the burgeoning digital ecosystem platform in pharmacy, including the $8 billion Southeast Asian dietary supplement sector.
GainHealth’s business includes a physical healthcare component, which is managed by GainHealth Facility and Homecare, a general practitioner clinic with an in-house pharmacy. The company also includes an e-commerce division that runs self-branded e-commerce portals as well as a digital ecosystem platform for startups.
GainHealth has teamed with MedTel, an end-to-end platform that integrates health data to give tailored, actionable insights for healthcare providers and patients, as part of its growth and expansion.
GainHealth is a high-growth, direct-to-consumer omnichannel health and wellness platform. Its top executives have extensive backgrounds in wholesale pharmaceuticals, digital marketing, and online healthcare services. Metal Component Engineering Limited, based in Singapore, was established in 1987 with a focus on quality and engineering innovation.
Gainhealth Metal Component Engineering Limited Tokyo Century Corporation are Advantage Partners.
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