CLSA Capital Partners acquires Japanese IT player Earth Technology

Shibuya, Tokyo, Japan. Photo by Jezael Melgoza on Unsplash

CLSA Capital Partners, the asset management arm of CLSA, has announced the acquisition of Japan-based bilingual IT services provider Earth Technology.

The acquisition was made by Sunrise Capital III, a fund in CLSA Capital’s private equity strategy.

CLSA didn’t immediately respond to DealStreetAsia’s emailed request for details on the size of the investment.

Earth Technology provides English-speaking engineers, who are both difficult to find in Japan and in great demand, a CLSA statement said. The IT services firm’s around 300 engineers as of end-2019 make it one of the largest bilingual engineering IT labour forces in the country.

“There will be no material changes to Earth Technology’s management team, company name and business operations,” CLSA Capital Partners said. “Sunrise III will assist in achieving further growth by providing support to the company on various aspects of the business such as streamlining and enhancing the organisational framework, strengthening sales capabilities, assisting in the recruiting processes and enhancing its branding strategy.”

Earth Technology has offices in Tokyo, Osaka and Sapporo, and plans to open new offices in Nagoya and Fukuoka this year, the statement said.

Salesforce.com designated Earth Technology as a ‘consulting partner’ in September and the company started providing new cloud services to its clients, the statement said.

Sunrise III invests in established, mid-cap companies with a strong potential for growth in Japan. Sunrise Capital, which focuses on private equity investments in Japan, has raised around $1 billion so far and has completed investments in around 30 companies since 2006.

CLSA Capital Partners, whose other focus areas include real assets, transportation and credit strategies, has more than $5 billion in funds under management and eight offices across the region, including Hong Kong, Singapore and Tokyo.

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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.