November 06, 2013

Polaris Sells Nippon Oil Pump To Wendel

Polaris Capital Group announced the sale of Nippon Oil Pump Co., Ltd. (NOP) to a French listed investment group, Wendel, on 31 October.

According to the release,
NOP, with 94 years of history, has been engaged in designing, developing, manufacturing and selling hydraulic pumps and motors, enjoying more than 90% of domestic market share as well as substantial global market share for trochoid pumps principally used for circulating lubricating and cooling oil in metal cutting machine tools.

Polaris bought NOP from Takumi1st Fund managed by Japan Private Equity Co., Ltd. back in 2008. With the sale of NOP, Polaris has divested 4 portfolio companies out of 8 investments made by its 2nd fund.



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