Acquisition History / Polaris Capital Group (PTCJ-5 Holdings) / Welby Inc.
Polaris Capital Group (PTCJ-5 Holdings) Acquires Welby Inc.
Announced February 9, 2024 — $148.3M
What happened
Welby, listed on the Tokyo Prime market, announced a management buyout on 9 February 2024 backed by Polaris Capital Group through the vehicle PTCJ-5 Holdings. The tender offer succeeded on 27 March 2024, giving PTCJ-5 93.73% of the shares ahead of a delisting. Consideration was JPY 22.127bn.
- Target
- Welby Inc.
- Announced
- February 9, 2024
- Price
- $148.3M
- Industry
- Employment support services for people with disabilities
- Buyer type
- Private equity
- Fund vehicle
- PTCJ-5 Holdings
- Backing investors
- Polaris Capital Group
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Polaris Capital Group (PTCJ-5 Holdings) acquire Welby Inc.?
Polaris Capital Group (PTCJ-5 Holdings) acquired Welby Inc. on February 9, 2024. This was Polaris Capital Group (PTCJ-5 Holdings)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Polaris Capital Group (PTCJ-5 Holdings) pay for Welby Inc.?
Polaris Capital Group (PTCJ-5 Holdings) paid $148.3M for Welby Inc..
What does Welby Inc. do?
Welby, listed on the Tokyo Prime market, announced a management buyout on 9 February 2024 backed by Polaris Capital Group through the vehicle PTCJ-5 Holdings. The tender offer succeeded on 27 March 2024, giving PTCJ-5 93.73% of the shares ahead of a delisting. Consideration was JPY 22.127bn.
What other Employment support services for people with disabilities companies has Polaris Capital Group (PTCJ-5 Holdings) acquired?
Welby Inc. is Polaris Capital Group (PTCJ-5 Holdings)'s only publicly tracked acquisition in Employment support services for people with disabilities so far.