CITIC Capital Japan Partners, the Japanese buyout arm of CITIC Capital, has closed its buy of Nippon Oil Pump Co Ltd. Financial terms weren’t announced. Nippon Oil makes internal gear pumps.
CITIC Capital Completes Acquisition of Nippon Oil Pump Co., Ltd.
(Tokyo, 4 December 2018) CITIC Capital Japan Partners III, LP (“CITIC Capital”), a Japan buyout fund managed by the private equity arm of CITIC Capital Holdings Limited, is pleased to announce that the acquisition of the entire stake in Nippon Oil Pump Co., Ltd. (“Nippon Oil Pump” or “NOP” or the “Company”) has been completed today.
Nippon Oil Pump is one of the leading manufacturers for internal gear pumps, which provides high-quality and high-performance products and solutions across a wide range of end-markets including machine tools, construction vehicles, general machinery, food & beverage dispensing, power infrastructures, and marine & ship equipment, amongst other applications.
NOP has also implemented two initiatives to achieve further growth rapidly in the overseas market. Its newly invented product series “NOP®COOLANT UNIT” has helped end-users to substantially save space, energy, and maintenance cost of machine tools. The products are getting widely popular not only in Japan but also in China, South Korea, India and Europe. NOP has also recently acquired Streamware-Components OHG, a Germany-based coolant unit system manufacturer.
CITIC Capital will leverage its extensive network and track records throughout China and Asia, its resources, knowledge and business management know-how to support Nippon Oil Pump’s further growth. Especially for the China market, we expect growing demand for NOP’s products driven by the “Made in China 2025” strategy plan.
CITIC Capital is strongly committed to supporting NOP’s management and employees to create long-term value to the Company.
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About Nippon Oil Pump
Established ：March, 1919
Representative：Toshihiko Shirabe, Representative Director-President
Head Office ：Kumagaya-shi, Saitama, Japan
About CITIC Capital Holdings Limited
Founded in 2002, CITIC Capital is an alternative investment management and advisory company. The firm manages over USD 25 billion of capital across 100 funds and investment products through its multi-asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 160 portfolio companies that span 11 sectors and employ over 830,000 people around the world.
CITIC Capital’s private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 60 investments in the past years in China, Japan, U.S. and Europe. The private equity arm currently manages USD6 billion of committed capital. For more information, please visitwww.citiccapital.com