DC Advisory advises Elematec on the sale of its remaining shares to Toyota Tsusho

Background

• Based in Japan, Elematec Corporation (Elematec) is an electronics device trading company, importing and exporting electronic parts, optical materials and equipment
• Toyota Tsusho Corporation (Toyota Tsusho) is the trading arm of the Toyota Group, marketing automobiles and other products in domestic and overseas markets
• Toyota Tsusho holds 58.63% outstanding shares (24,005,800 shares) of Elematec

Process

• DC Advisory acted as a financial advisor to Elematec, providing comprehensive sell-side advice on the sale of its remaining shares to Toyota Tsusho

Outcome

• On January 28 2025, Toyota Tsusho successfully acquired the remaining shares of Elematec

• Toyota Tsusho plans to make Elematec a wholly owned subsidiary through the tender offer and squeeze-out procedure

• This transaction demonstrates DC Advisory’s expertise in deals involving Japanese public companies