DC Advisory advised Sharp on its share acquisition of Sakai Display Products
Background
- Sharp Corporation (Sharp) is a Japanese multinational corporation that designs and manufactures electronic products
- Sakai Display Products (SDP) develops, manufactures, and markets liquid crystal displays (LCD), panels, and televisions
- Sharp has procured large size LCD panels from SDP since the start of SDP’s establishment in 2009
Process
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Sharp held discussions with World Praise Limited (WPL), the majority shareholder of SDP, with the objective to acquire SDP shares owned by WPL
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DC Advisory (DC) was engaged by Sharp and acted as a sole financial advisor to the company
Outcome
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On 3 March 2022, Sharp agreed to acquire the SDP shares held by WPL subject to customary closing conditions
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Sharp already held a 20% stake in SDP and with this transaction, will become its 100% shareholder
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This transaction will aid in Sharp’s goal of expanding its global large size TV and professional display business to meet increasing global demand
Date
Sectors
- Industrials
Deal type
- M&A Advisory
Deal locations
Deal team
Executive Managing Director and Head of Global M&A
Managing Director
Actions
Disclaimer
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