7i Capital Advisors Advise Taikisha to Acquire Controlling Stake in Nicomac
Taikisha Ltd. Japan, acquires controlling stake in India’s leading Clean Room Engineering Company, Nicomac Clean Rooms Far East LLP
7i Capital acted as the exclusive sell-side advisor to Nicomac Far East on this transaction.
July 2020, Hyderabad, India.
Taikisha Ltd. (“Taikisha”), a leading Japanese engineering company with a focus on HVAC systems has acquired controlling shareholding in leading Indian cleanroom engineering company Nicomac Clean Rooms Far East LLP (“Nicomac”).
Taikisha is a Japanese multinational corporation headquartered in Tokyo, Japan, that designs, fabricates, installs, and commissions large-scale heating, ventilation, and air conditioning (HVAC) systems for large infrastructures and industrial process equipment.
This investment will solidify Taikisha’s position in the global clean room market and would have added synergies by combining Nicomac’s panel manufacturing and installation technologies with air conditioning system technologies of Taikisha, mainly in the pharmaceutical/vaccines manufacturing environment, which requires high performance air conditioning systems.
by combining Nicomac’s panel manufacturing and installation technologies with air conditioning system
technologies of Taikisha, mainly in the pharmaceutical/vaccines manufacturing environment, which requires high performance air conditioning systems.
“With this investment, Taikisha gets a deeper access to the growing Indian market and a platform to target other emerging markets. Nicomac with its strong customer base, well-qualified professional team and knowledge driven culture, provides the right platform to Taikisha to leverage Nicomac’s design, engineering & manufacturing capabilities for its projects globally.”
– Tapas Sarkar, Executive Director and Partner, 7i Capital Advisors.
“This transaction in current difficult times is validation of 7i Capital Advisor’s track record in getting the best of companies from India and Japan to come together to create the JV for the future. Since Nicomac Fareast provides the infrastructure and the clean room for producing the vaccines and other products, this JV would be a great support to India and Indian companies that are aspiring to be at the forefront of the fight against the pandemic.”
– Abhijeet Biswas, Managing Director, 7i Capital Advisors.
About Taikisha Ltd.
Taikisha, a company listed on the Tokyo Stock Exchange was founded in 1913. ABC has a workforce of about 4,829 and generated sales of ¥225.4 billion. Taikisha Group is developing business on a global scale as an environmental engineering company with 35 affiliates in 18 countries. Taikisha is mainly engaged in 2 core business segments, green technology system business and Paint finishing system business. Green technology system business conducts Industrial HVAC business (for clean rooms and other manufacturing facilities) and building HVAC business (for office buildings, etc.) that designs and constructs HVAC systems both in Japan and overseas whereas the Paint Finishing System Division designs and constructs automobile paint finishing plants, whose major customers are Japanese and overseas automobile manufacturers. For more information, please visit www.taikisha-group.com
About Nicomac Clean Rooms Far East LLP
Established in 2001, Nicomac has become the leading Indian cleanroom engineering company. Nicomac aims to provide integrated services including Design Engineering, Manufacturing, Installation and Commissioning of HPL and Metal clean room panels. Nicomac along with its subsidiaries has achieved sales turnover of about Rs. 171 crores during FY19. Nicomac is catering to the global market, exporting its products to more than 17 countries including key markets like USA and Canada. It has capabilities to execute turnkey projects in Pharma, Biotech, Healthcare, Electronics and Food and beverages segments. For more information please visit www.nicomac.com