Transaction
Transaction Details
Closed
March 9, 2020
Sector
Financial Technology and Services, Business Services
Deal Type
Mergers and Acquisitions, Strategic Alliance
GCA Advises Ricoh Leasing on Its Business Alliance with Ricoh and Mizuho Leasing
GCA is pleased to announce we acted as exclusive financial advisor to Ricoh Leasing on its business alliance with Ricoh and Mizuho Leasing.
Established in 1976, Ricoh Leasing Company, Ltd (TSE:8566) (“Ricoh Leasing”) is a leading comprehensive financial services provider in Japan. Founded to support sales of Ricoh products such as copiers and printers, today the company has a strong presence in the vendor financing sector for small- and medium-sized businesses in Japan. Mizuho Leasing Company, Limited (TSE:8425) (“Mizuho Leasing”) was established in 1969 as a general leasing company and joined the Mizuho Banking Group, one of the largest commercial banking groups in Japan, in 2019. Mizuho Leasing’s core wholesale business serves large- and medium-sized companies, while Ricoh Leasing offers vendor financing for small- and medium-sized businesses. With few redundant customers and business areas, the partnership between Ricoh Leasing and Mizuho Leasing is highly complementary and will create synergies and new business opportunities for both companies.
Ricoh Company, Ltd (TSE:7752) (“Ricoh”), a global supplier of office equipment hardware, is transitioning from a traditional business structure focused on providing hardware for office equipment to a business structure that provides a wide range of services and solutions for customers' offices and frontlines. Ricoh sold 20% of its 53.7% ownership in Ricoh Leasing to Mizuho Leasing in conjunction with this business alliance. The transaction value is estimated at around 40 billion yen (~$371M).
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