Bain Capital buys Japanese email business of Cheetah Digital

Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon

Private multi-asset alternative investment firm Bain Capital announced that it has acquired the Japanese e-mail service business of US marketing solutions provider Cheetah Digital, according to an announcement.

Financial terms were undisclosed but the deal values the subsidiary company at around JPY30 billion ($278 million), per a report in AVCJ.

Cheetah Digital’s e-mail service provider, MailPublisher, distributes 6.1 billion e-mails on a monthly basis and is introduced to more than 5,300 companies in total.

Cheetah Digital is backed by technology-focused global private equity firm Vector Capital specialising in transformational investments.

“MailPublisher of Cheetah Digital has an exceptional functionality delivering a large volume of e-mails at high speed, with high security, and without delivery failure. Bain Capital will be providing active support for their further growth, including the expansion of new functions,” said Bain Capital Private Equity managing director Yuji Sugimoto.

Bain Capital invests across asset classes including credit, real estate, public equity, and venture capital, managing more than $105 billion in total.

The US investor recently has been reportedly collecting bids for Ooedo Onsen Monogatari, an operator of about 40 hot spring inns and resorts across Japan, with SoftBank Group Corp. and investment funds submitting first-round proposals. It is seeking to sell the Ooedo Onsen Monogatari group for more than 100 billion yen ($932 million), according to Bloomberg.

 

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.