DC Advisory acts as exclusive financial advisor to Midas Atlantic Partners & The Najafi Companies on their acquisition of Panasonic Industry’s Power and Battery Control Solutions business
Background
- Panasonic Industry, a subsidiary of Panasonic Holdings Corporation, is a supplier of electronic components, devices and solutions to industrial and automotive customers worldwide
- Panasonic Industry’s Power and Battery Control Solutions business includes a product portfolio spanning Industrial Power Devices and Wireless Modules for a range of end-markets, as well as Battery Disconnect Units and High-Voltage DC-DC Converters for the broader mobility industry
- In the fiscal year ending March 2026, the business generated revenues of approximately EUR 413 m
- Midas Atlantic Partners is a private equity group that invests in global corporate carve-outs and special situations
- The Najafi Companies is a private investment firm founded by Jahm Najafi and is Midas Atlantic’s principal investment partner
Process
- DC Advisory was mandated on an exclusive basis by Midas Atlantic and The Najafi Companies to provide buy-side M&A advice on this cross-border carve-out from a large Japanese conglomerate
- DC Advisory acted as the buyer’s primary interface with the seller, supporting clear and consistent communication between the parties in both Japanese and English, thereby keeping both sides aligned through diligence, documentation and negotiation
- Following a targeted market outreach, Midas Atlantic and The Najafi Companies were identified as the most suitable owner, demonstrating commitment to enhancing business value over the long-term and focus on stability for employees, customers, and suppliers
Outcome
- In August 2026, Midas Atlantic, in partnership with The Najafi Companies, agreed to acquire Panasonic Industry’s Power and Battery Control Solutions business
- The closing of this transaction is subject to customary closing conditions and is expected to close on 1 February 2027
- The business will be carved out and operate as a standalone platform, backed by long-term oriented permanent capital
- The transaction demonstrates DC Advisory’s ability to combine Japanese corporate access with European carve-out execution on behalf of international financial sponsors
"This transaction required a thoughtful and nimble approach to a fluid carve-out perimeter. DC Advisory contributed meaningfully with strong situational judgement, unwavering commitment, a deep understanding of the Japanese corporate mindset and the ability to bridge local language gaps. DC Advisory’s capabilities perfectly complemented Midas Atlantic's experience in originating, structuring and executing complex global carve-outs. This allowed us to offer a compelling package to Panasonic Industry, who were looking for a flexible and committed long-term owner. We are grateful for DC Advisory’s partnership.”
“The transaction is a compelling example of how credible international investors can unlock the potential of high-quality businesses emerging from Japanese corporate portfolio transformation. We are proud to have supported Midas Atlantic Partners on this acquisition and to have worked across geographies and cultures to translate a shared strategic vision into a successful transaction."
"It has been a privilege to work with the Midas team; their intellectual rigor and thoughtful reasoning in crafting sensible solutions, delivered with such savoir-faire and panache, have been profoundly enriching."
What to read next
Date
Sectors
- Industrials
Deal type
- M&A Advisory
- Asia Access
Deal locations
Deal team
Managing Director
Executive Director
Managing Director
Managing Director
Managing Director and Head of Singapore Investment Banking
Director
Executive Director
UN SDG Activity
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Disclaimer
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