Acquisition History / Itochu Corporation (BS Investment) / Descente Ltd.
Itochu Corporation (BS Investment) Acquires Descente Ltd.
Announced October 2024 — $913.4M
What happened
Itochu, through BS Investment, tendered for sportswear maker Descente from 1 to 29 October 2024 to take full ownership of the Tokyo Prime-listed company. Descente's board supported the bid. BS Investment reached 85.92% at a tender cost of JPY 136.335bn.
- Target
- Descente Ltd.
- Announced
- October 2024
- Price
- $913.4M
- Industry
- Sportswear
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Itochu Corporation (BS Investment) acquire Descente Ltd.?
Itochu Corporation (BS Investment) acquired Descente Ltd. on October 2024. This was Itochu Corporation (BS Investment)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Itochu Corporation (BS Investment) pay for Descente Ltd.?
Itochu Corporation (BS Investment) paid $913.4M for Descente Ltd..
What does Descente Ltd. do?
Itochu, through BS Investment, tendered for sportswear maker Descente from 1 to 29 October 2024 to take full ownership of the Tokyo Prime-listed company. Descente's board supported the bid. BS Investment reached 85.92% at a tender cost of JPY 136.335bn.
What other Sportswear companies has Itochu Corporation (BS Investment) acquired?
Descente Ltd. is Itochu Corporation (BS Investment)'s only publicly tracked acquisition in Sportswear so far.