Houlihan Lokey Advises Nagase & Co., Ltd.

Houlihan Lokey is pleased to announce that Nagase & Co., Ltd. (TSE:8012; Nagase) has entered into a definitive agreement with SACHEM, Inc. (SACHEM) to acquire its Asian business related to high-purity chemicals for semiconductors for $101 million on a cash-free and debt-free basis. The transaction is expected to close in Q2 CY2025.

Founded in 1832 and headquartered in Osaka, Japan, Nagase is a leading chemicals trading firm listed on the Tokyo Stock Exchange. Over the years, Nagase has leveraged its technology, information-gathering expertise, and global network to transform its business into a hybrid model offering superior manufacturing, processing, and R&D functions in addition to trading company services.

Founded in 1950 and headquartered in Austin, Texas, U.S., SACHEM is a chemical science company with advanced technologies and expertise in catalysts, specialty chemicals, and highly pure chemicals.

This transaction allows Nagase to expand its semiconductor-related business, strengthening its position as a semiconductor materials manufacturer in the growing market, as outlined in its midterm plan. Furthermore, by integrating Nagase and SACHEM’s manufacturing and development technologies, Nagase aims to promote the development of materials and equipment for advanced semiconductors.

Houlihan Lokey is serving as the exclusive financial advisor to Nagase. This transaction highlights the firm’s extensive expertise in the chemicals space.

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