News

We are pleased to announce that on April 27, 2017, United Precision Technologies Co., Ltd. (“UPT”, formerly “AP48 Co., Ltd.”), the holding company of Kyosei Co., Ltd. (“Kyosei”), a portfolio company in funds served by Advantage Partners, Inc. (“AP Funds”), acquired Koken Chemical Company Limited (“Koken”) a competitor to Kyosei in the photoetching processing space.

Since AP Funds’ investment, Kyosei has accelerated its expansion beyond its core consumer electronics-related segment into medical devices and semiconductor-related components based on the success of Kyosei’s new “photoetching plus-one” strategy.

One of the primary benefits of the transaction is the complementary manufacturing relationship between both companies. While both companies core competencies lie in photoetching, Koken’s technology is specialized for thicker metal plates than Kyosei’s and Koken also specializes in supplying products utilizing diffusion bonding (thermocompression bonding).

This transaction makes the UPT group one of the largest players in the photoetching industry. Going forward, Advantage Partners will promote the growth of UPT by supporting the realization of synergies between Kyosei and Koken through the expansion of both companies’ product offerings and customer base.

* AP 48 Co. Ltd. changed its name to United Precision Technologies Co., Ltd. upon completion of this transaction.

Overview of UPT

• Company Name
  United Precision Technologies Co., Ltd.
• Representative
  Shinichiro Koga
• Location
  Tokyo, Japan
• Business Description
  Management of portfolio companies

Overview of Koken

• Company Name
  Koken Chemical Company Limited
• Representative
  Masahiro Harada
• Location
  Kanagawa, Japan
• Business Description
  Photoetching processing

Overview of Kyosei

• Company Name
  Kyosei Co., Ltd.
• Representative
  Shinichiro Koga
• Location
  Tokyo, Japan
• Business Description
  Photoetching processing

(日本語) PDF DOWNLOAD