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True Wind Capital Acquires Significant Minority Stake in SUNCORPORATION

08.23.24

Simpson Thacher is representing True Wind Capital Management, L.P. (“True Wind”) in connection with its affiliate’s successful tender offer to acquire up to 19.0% of SUNCORPORATION (Standard Market of Tokyo Stock Exchange; Securities Code: 6736) (“Sun”), at a price per share of JPY 5,500, for an aggregate purchase price of JPY 23.3 billion.

True Wind is a San Francisco-based private equity firm focused on partnering with management teams to build leading technology businesses in growing vertical markets in three primary sectors: Industrial Tech, Business Services & Compliance and Financial Services. Since its founding in 2015, True Wind has completed 13 platform investments and dozens of add-on acquisitions.

The Simpson Thacher team includes Atif Azher, Jonathan Stradling, Naveed Anwar, Daisuke Ueta and Jesse Feng (M&A); Matthew Kemp, Jessica Mason and William McKenna (Funds); Mark Brod (Capital Markets); and Russell Light, Nancy Mehlman and Shoshana Schorr (Tax).