Yamada and Clairfield jointly advise Miura Co. on the acquisition of 20% stake in Jensen-Group and the sale of 49% stake in Inax Corp

The transaction serves as the basis for a global cooperation between Miura Co. and Jensen-Group which will enhance the market position of both companies while benefiting from each other’s key features. Miura Co. will access the European market with its products and expand the product offering of Inax Corp, providing total solutions to Japanese customers. Jensen-Group can profit from the usage of energy-saving technologies and experience in utility installations while expanding its global reach through the subsidiaries and distributors of Miura Co.
Miura, founded in 1959 and headquartered in Ehime, is a Japan-based publicly-quoted company (TYO:6005) engaged in the manufacturing, inspecting, and maintenance of industrial boilers and related equipment. With over 6,000 employees, 13 sites overseas and worldwide distribution, Miura has the top share in Japan for small once-through steam boilers and a significant share within the food processing equipment industry.

Inax Corp, founded in 1970 and headquartered in Tokyo, is a Japan-based company and leading manufacturer of cleaning equipment for business use. Inax holds the largest market share in Japan as manufacturer of heavy-duty washers alongside one of the largest domestic maintenance systems. Inax was acquired by Miura in 2017 and today employs over 300 people in 19 branch offices.
Jensen-Group, founded in 1937 and headquartered in Wetteren, is a Belgian-based publicly-quoted company (EBR: JEN) engaged in the manufacturing of machines which cover the entire laundry process for the heavy-duty laundry industry. Jensen also provides additional services from installation, supply of spare parts to training for laundry managers. The company employs over 1,400 people and delivers its products worldwide.

Hans Buysse, managing partner Clairfield Belgium, said, “Both parties meticulously planned this intricate double transaction, and we are delighted with its successful outcome. Another crossborder transaction that emphasises that our international partnership enables our clients to achieve the growth ambitions they defined for themselves.”

Yasayuki Kita, managing director Yamada Consulting Group said: “We are delighted that the collaboration of Miura and Jensen-Group will enable the new group to strengthen its position in the European market and to diversify its product offering.”

Clairfield in Belgium together with our Japanese partner Yamada Consulting Group, acted as exclusive financial advisor to Miura Co.