News
Announcement Concerning Completion of Purchase of Xacti Corporation’s (Formerly Sanyo DI Solutions) Shares by Xacti Holdings, Inc. (Formerly AP 26)
2013.04.01
We hereby announce that, on March 31, 2013, the fund completed the acquisition of all shares of Sanyo DI Solutions, Co., Ltd. (company name changed to Xacti Corporation as of April 1, 2013), the digital camera and digital movie camera business of SANYO Electric Co., Ltd, a subsidiary of Panasonic, through a special purposes company, Xacti Holdings, Inc.
About Xacti Corporation
- Location
Daito City, Osaka, Japan - Date Business Started
April 1, 2013 - Number of Employees
507 (including employees temporarily working overseas) - Representative
CEO Takeo Isaji, COO Takao Nishiyama - Business Description
Development, manufacturing, sales, and other business operations related to OEM digital cameras and digital movie cameras
About Advantage Partners, LLP
- Location
Minato-ku, Tokyo, Japan - Date Established
December 17, 1992 （Corporation)
September 13, 2005 （Limited Liability Partnership) - Representatives
Representative Partner Taisuke Sasanuma Representative Partner Richard Folsom - Business Description
Private equity fund management Direct private equity investment via start-up and acquisition
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PORTFOLIO
Xacti
Current and Former Portfolio Company Details
Xacti
- Name of company
- Xacti Corporation.
- Investment date
- March 2013
- Type of company
- Private
- Background
- After the acquisition of Sanyo Electric by Panasonic in 2008, the company had been spun off in July 2012 due to a conflict with Panasonic’s digital camera business and stocks were transferred from Sanyo Electric to AP in March 2013.
- Fund
- AP IV
- Product
- Japan Buyout
- Case Types
- Carve-out / Turnaround
- Industry
- Manufacturing
- Status
- Exited