DC Advisory advises JAMCO Corporation on the sale of shares to Bain Capital

Background

• JAMCO Corporation is a leading manufacturer of interior cabin equipment for the commercial aviation industry in Japan
• ITOCHU Corporation, ANA Holdings and Showa Aircraft Industry Co. are the largest shareholders of JAMCO
• Bain Capital is an international investment firm with approximately US $185 billion in assets under management worldwide

Process

• DC Advisory acted as a financial advisor to JAMCO Corporation, providing comprehensive sell-side advice on the sale of its shares to Bain Capital
• ITOCHU Corporation, JAMCO’s largest shareholder, agreed to tender approximately half of its shares and to sell its remaining shares through a post‑tender offer share buyback by JAMCO
• ANA Holdings (2nd largest) and Showa Aircraft Industry (3rd largest) also agreed to sell all of their shares through JAMCO’s post‑tender offer share buyback

Outcome

• As a result of the transaction, JAMCO was taken private in July 2025
• Following the acquisition of its own shares, JAMCO became a wholly owned subsidiary of Bain Capital in September 2025
• This transaction further illustrates DC Advisory’s expertise in the commercial aerospace sector