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  5. Announcement of Private M&A Platform Businesses Willing to Collaborate with Support Centers for Smooth Business Succession

Announcement of Private M&A Platform Businesses Willing to Collaborate with Support Centers for Smooth Business Succession

October 1, 2020

The Small and Medium Enterprise Agency (SMEA) hereby announces three private M&A platform businesses which are willing to collaborate with Support Centers for Smooth Business Succession, bodies which were established in all 47 prefectures across Japan.

1. Collaboration between the centers and private M&A platform businesses

SMEA formulated the Comprehensive Package of Measures for Supporting SMEs in Business Succession to Third Parties on December 20, 2019, aiming to encourage business resources, e.g., techniques and human resources, of SMEs, which are faced with aging business owners, to pass over to and converge on next-generation, proactive business operators. As part of this effort, SMEA has decided on collaboration between Support Centers for Smooth Business Succession, bodies under SMEA, and private platform businesses in order to foster momentum for business succession.

Against this backdrop, SMEA has been calling for M&A platform businesses willing to collaborate with the centers since July 15, 2020.

Reference 1: Fostering momentum of SME business succession in collaboration with private M&A platform businesses

2. Outline of M&A platform businesses collaborating with the centers

As a result of a call, SMEA has received applications from three businesses so far as below and it found that all of the businesses satisfy the requirements for registration for collaboration with the centers.

From October 1, 2020, the centers will start collaboration with these platform businesses soon after they complete preparations for the collaboration.

Reference 2: Requirements that applicant platform businesses should satisfy for collaboration with the centers (those shown in the call on July 15, 2020)

Eligible businesses should:

Division in Charge

Corporate Finance and Tax Affairs Division, Business Environment Department, Small and Medium Enterprise Agency