EQT Announces USD 371 Million Tender Offer for Tokyo-Based IT Consulting Company MAMEZO

EQT Announces USD 371 Million Tender Offer for Tokyo-Based IT Consulting Company MAMEZO

(IN BRIEF) EQT has announced a USD 371 million tender offer to acquire MAMEZO, a Tokyo-based IT services company specialising in IT modernisation and AI-driven digital transformation. The transaction marks EQT’s first investment in Japan’s IT services sector and aligns with its global focus on technology-enabled services and mid-market growth opportunities. Following completion, EQT intends to support MAMEZO’s long-term development by leveraging its experience in scaling technology businesses and its established presence in Japan, with the acquisition subject to customary conditions.

(PRESS RELEASE) TOKYO, 23-Jan-2026 — /EuropaWire/ —EQT has announced the launch of a tender offer valued at approximately USD 371 million to acquire MAMEZO Co., Ltd., a Japan-based IT services company that supports enterprises in modernising IT systems and accelerating the adoption of artificial intelligence. The transaction, to be executed through the BPEA EQT Mid-Market Growth Partnership, represents EQT’s first investment in the Japanese IT services sector and marks a further step in expanding its footprint in the country in line with its global focus on technology and technology-enabled services.

Headquartered in Tokyo, MAMEZO provides IT consulting services that help organisations modernise legacy systems, design digital platforms and system architectures, and strengthen organisational capabilities for working with advanced technologies such as AI, cloud computing, and robotics. The company serves clients across sectors including manufacturing, automotive, and financial services, supporting efforts to improve productivity, address labour challenges, and enhance operational efficiency through digital transformation.

Under the terms of the transaction, EQT will launch a tender offer to acquire MAMEZO shares at an offer price of JPY 3,551 per share, with the intention of obtaining full ownership following successful completion. EQT plans to support MAMEZO’s ongoing operations and long-term strategic priorities through its mid-market buyout strategy, drawing on its experience in scaling technology services businesses and its established presence in Japan. Itochu Corporation is expected to collaborate as a strategic partner to help drive sustainable value creation for the company.

The investment reflects EQT’s conviction in the structural growth of technology-enabled services and the increasing importance of AI-driven digital transformation across industries. EQT’s mid-market platform builds on its broader buyout capabilities in Asia Pacific and leverages a pan-Asian network to support portfolio companies. In Japan, EQT’s mid-market investments include businesses such as CareNet and HRBrain, alongside technology-focused investments across other Asia Pacific markets.

Completion of the acquisition remains subject to customary conditions and regulatory requirements. The transaction further reinforces EQT’s long-term commitment to Japan as a key market and highlights its strategy of partnering with high-quality companies positioned to benefit from major technology and digitalisation trends.

Please note that the consummation of the acquisition is subject to customary conditions.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the BPEA EQT Mid-Market Growth Partnership will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document obtainable from the issuer or its agents and would contain detailed information about the issuer and its management, as well as financial statements. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Regulations on Solicitation

This press release is intended to provide information relating to the Tender Offer to the public and has not been prepared for the purpose of soliciting an offer to sell shares. If shareholders wish to sell their shares, they should first read the Tender Offer Explanation Statement concerning the Tender Offer for information on the means by which they may tender their shares in the Tender Offer. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation to sell or purchase, any securities in any jurisdiction in which such an offer or solicitation may not be permitted, and neither this press release (or any part of it) nor its distribution shall be interpreted to constitute the basis of any agreement in relation to the Tender Offer, and this press release may not be relied upon at the time of entering into any such agreement.

US Regulations

The Tender Offer will be implemented in compliance with the procedures and information disclosure standards of the Financial Instruments and Exchange Act of Japan, which are not necessarily identical to the procedures and information disclosure standards applied in the United States. Specifically, the requirements of Section 13(e) and Section 14(d) of the U.S. Securities Exchange Act of 1934 (as amended, the “Securities Exchange Act”) and the rules promulgated thereunder do not apply to this Tender Offer, and the Tender Offer is not necessarily in compliance with those procedures and standards. Any financial information contained in this press release has been prepared based on Japanese generally accepted accounting principles, which may not be comparable to the financial statements of U.S. companies. In addition, it may be difficult for shareholders to enforce their rights or make claims arising under U.S. securities laws, since the Company is incorporated outside the United States and all or some of its directors and officers are residents outside the United States. In addition, shareholders may not be able to commence legal proceedings in courts outside of the U.S. against a non-U.S. company or its directors or officers for violations of U.S. securities laws, and U.S. courts may not grant jurisdiction over a non-U.S. company or its directors or officers.

The Tender Offeror, its financial advisors and the tender offer agent (and their respective affiliates) may purchase or take actions to purchase, by means other than the Tender Offer, shares, or options representing shares, of the Company for their own account or for the account of their customers, to the extent permitted by Japanese financial instruments exchange laws and other applicable laws and regulations in Japan, in accordance with the requirements of Rule 14e-5(b) of Securities Exchange Act.

If any shareholder of the Company exercises their right to require the purchase of shares less than one unit as prescribed by the Japanese Companies Act, the Company may purchase its own shares during the Tender Offer period in accordance with applicable legal procedures.

All procedures relating to the Tender Offer will be conducted in the Japanese language. While some or all documents related to the Tender Offer may be prepared in English, the Japanese-language documents will prevail in the event of any discrepancies between the English and Japanese documents.

This press release contains “forward-looking statements” as defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act. Actual results may differ materially from the projections or expectations expressed or implied by such forward-looking statements due to known or unknown risks, uncertainties, and other factors. None of the tender offeror, the Company, or any of their respective affiliates guarantees that the forward-looking statements expressed or implied herein will prove to be accurate. Forward-looking statements in this press release are based on information available to the tender offeror as of the date of this release. Except as required by law, neither the tender offeror nor any of its affiliates undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Other National Regulations

The release, issue or distribution of this press release may be subject to legal or regulatory restrictions in certain jurisdictions. Persons who come into possession of this press release should inform themselves of and observe any applicable restrictions. In any jurisdiction where the conduct of the Tender Offer is unlawful or subject to regulatory restrictions, this press release shall not constitute an offer to sell or buy any securities or a solicitation of such an offer, and shall be deemed to have been sent for information purposes only.

Contact:
EQT Press Office, press@eqtpartners.com