Go to deals
TMT

Management buy-out of IMAGICA GROUP has been completed through a tender offer

June 2025 — IMAGICA GROUP Inc. has completed a management buy-out (MBO) through a tender offer led by Mikaduki, Inc., a special purpose vehicle wholly owned by IMAGICA GROUP’s President and CEO, Shunjiro Nagase.

IMAGICA GROUP is a Tokyo-based holding company overseeing a group that operates across three main business segments: content production, video production technology services and video system solutions. The group provides a wide range of visual media-related services, serving major clients such as domestic and international production companies, broadcasters and digital platform operators. For the fiscal year ending March 2025, the company reported consolidated net sales of approximately US$648 million and employed around 4,222 people. IMAGICA GROUP plays a central role in the visual content value chain, from content creation to technical support, and caters to diverse applications across film, television, advertising and online streaming. The group is also focused on expanding into global markets and enhancing its offerings through advanced digital technologies.

Mikaduki, Inc. is a company established on 28 March 2025, with the primary purpose of executing a series of transactions to privatize the target company, which is listed on the Tokyo Stock Exchange Prime Market.

Our role in the transaction

Oaklins’ team in Japan provided financial advisory services to IMAGICA GROUP, including support for the special committee’s operations.

Parties

Talk to the deal team

Tamotsu Moriyama

Principal
Tokyo, Japan
Oaklins Maxus Corporate Advisory

Related deals

TA Associates has completed a sell-down of its stake in Eurowag
Private Equity | Business Support Services | Logistics | TMT

TA Associates has completed a sell-down of its stake in Eurowag

TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).

Learn more
DIGMATIX has entered the Czech market through the acquisition of LLP CRM
Private Equity | Business Support Services | TMT

DIGMATIX has entered the Czech market through the acquisition of LLP CRM

DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.

Learn more
DIGMATIX has entered Romania through the acquisition of Elian Solutions
Private Equity | Business Support Services | TMT

DIGMATIX has entered Romania through the acquisition of Elian Solutions

DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.

Learn more