Unison Capital has announced that it has acquired a 40% stake in Dexerials Corporation, formerly a part of Sony Chemical & Information Device Corporation, a 100% subsidiary of Sony Corporation (6758). The investment was made through a SPC, which is 40% owned by Unison and 60% owned by the Development Bank of Japan. Dexerials manufactures and sells adhesive materials, optical film and other materials. Unison and the DBJ aim to increase the revenue of Dexerials from JPY 57 billion (USD 735 million) in 2012 to JPY 100 billion in 5 years. Dexerials is capitalized with JPY 5.48 billion (USD 70 million) and plans to IPO in the future.
In late March it was agreed that the DBJ would acquire the chemical business of the Sony subsidiary. The sale contract was concluded on June 28 and Sony announced that it has received JPY 57.3 billion (USD 735 million) from the DBJ on September 28.
It is unknown when and how the Unison's involvement started. According to a source, Unison was among the final contenders in the Sony Chemical auction early this year.
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