Growth Partners Co., Ltd. (“Growth Partners” or “we”) announces that Growth Partners Investment Partnership, a fund managed by Growth Partners, has agreed to subscribe—through a third-party allotment—for ordinary shares and stock acquisition rights (warrants) to be issued by No. 1 Co., Ltd. (“No. 1”). We have also entered into a business alliance agreement (the “Agreement”) under which we will support No. 1 in planning and executing various initiatives to drive further growth.
Founded in September 1989, No. 1 has expanded its business with a core focus on the sales and maintenance of office automation (OA) and information security equipment, guided by its vision of being “your No. 1 business partner.” In response to changes affecting SMEs in recent years—and to achieve step-change growth for the Group—No. 1’s mid-term management plan “Evolution 2027” (fiscal years ending February 2025–February 2027) sets forth strategies including reinforcing its management and business foundations and structural reforms. To realize these priorities—selective M&A and other proactive investments in key growth areas, and the development and expansion of human capital—the company determined it was essential to partner with a player that can contribute capital, know-how, and network, and accordingly decided to form a business alliance with us.
Under the Agreement, No. 1 and Growth Partners will work together to strengthen existing businesses, promote M&A and new business development, and enhance the talent base. Leveraging our accumulated hands-on experience, we will contribute to further enhancing No. 1’s corporate value.
Overview of No. 1 Co., Ltd.
・Company name: No. 1 Co., Ltd.
・Representative: Takayuki Tatsumi, Group CEO & Representative Director
・Head office: 1-5-2 Uchisaiwaichō, Chiyoda-ku, Tokyo
・Business:
Planning, development, manufacturing, sales, and maintenance of information security equipment
Sales and maintenance of ICT/OA equipment and related products
Comment