August 6, 2025
Marks the firm’s 24th private equity transaction in Asia since 2024, continuing its work to identify great companies, build businesses, and deliver for investors
TOKYO – August 6, 2025 – Blackstone (NYSE:BX) announced today that private equity funds and vehicles managed by Blackstone (“Blackstone”) have announced its intention to make a tender offer for all of the interests in TechnoPro, Japan’s leading IT services provider. This offer, valued at nearly $3.5 billion (~JPY 507 billion), will be the firm’s largest investment to date in Japan across strategies.
TechnoPro is Japan’s leading IT services provider, delivering mission-critical solutions in IT development and product R&D across hardware and software primarily to Japan’s large corporations. It has more than 28,000 engineers and researchers and 2,500 clients in industries such as automotive, IT services, and semiconductor.
Atsuhiko Sakamoto, Head of Private Equity Japan, Blackstone, said: “This is a compelling opportunity that aligns with our strategy of investing in Japan’s future. We are investing in a high-quality IT services provider, which is bolstered by secular tailwinds in the digitization of the economy and artificial intelligence. TechnoPro attracts some of the best talent in the industry and provides mission-critical services that empower Japan’s blue-chip companies. We are excited to bring the full breadth of Blackstone’s scale, resources, and expertise in IT services and AI to help accelerate the company’s growth and its continued success.”
Takeshi Yagi, President, Representative Director and CEO at TechnoPro, said: “Over the past 30 years, TechnoPro has achieved steady growth by leveraging its strengths in sales capabilities, technical expertise, recruitment power, and talent development. As a result, the company has earned the trust of its clients and established itself as a leading player in Japan’s IT services. By collaborating with Blackstone – which boasts a strong track record in AI and digitalization and deep insights into global technology trends – we are confident that TechnoPro is poised to reach even greater heights of success.”
This is Blackstone’s seventh Private Equity investment in Japan, representing significant momentum for the firm and its commitment to the country. This will be the third deal this year for Blackstone Japan’s Private Equity business following the closing of I’rom Group Co., Ltd. and CIMIC Co., Ltd. and its third deal in Japan’s technology sector following the 2024 closings of Sony Payment Services Inc. and Infocom Corporation.
Blackstone has made substantial investments in the Asia Pacific region over the last 20 years and been a builder of businesses. Since 2024, it has executed 24 Private Equity investments and sales across the region, driving transformation for the companies it invests in and working to deliver value for investors.
Blackstone expects to commence the tender offer on August 7, 2025. Please refer to the announcement issued today, titled “Notice Concerning Commencement of Tender Offer for Shares, Etc. of TechnoPro Holdings, Inc. (Code: 6028) by BXJE II Holding KK” for details regarding the terms and conditions of the tender offer.
This press release has been prepared for the purpose of informing the public of the tender offer and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities. If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the tender offer explanation statement for the tender offer and offer their shares for sale at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities, and neither this press release (or a part thereof) nor its distribution shall be interpreted to be the basis of any agreement in relation to the tender offer, and this press release may not be relied on at the time of entering into any such agreement.
The tender offer will be conducted in accordance with the procedures and information disclosure standards prescribed by the Financial Instruments and Exchange Act of Japan, which may differ from the procedures and information disclosure standards in the United States. In particular, Section 13(e) and Section 14(d) of the U.S. Securities Exchange Act of 1934, as amended, do not and the rules prescribed thereunder do not or may not apply to the tender offer, and the tender offer is not intended to fully conform to those procedures and standards.
The financial advisors to Blackstone and TechnoPro, as well as the tender offer agent (including their respective affiliates) may, in their ordinary course of business, engage in purchases of the shares of TechnoPro for their own account or for their customers’ accounts to the extent permitted under the Financial Instruments and Exchange Act of Japan, and in accordance with Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934, as amended, and other applicable laws and regulations, during the period prior to the commencement of the tender offer or during the tender offer. Such purchases may be conducted at a market price through a market transaction, or at a price determined through negotiations off-market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed on the English website of the applicable person conducting such purchases, or will otherwise be made publicly available.
Unless otherwise specified, all procedures relating to the tender offer are to be conducted entirely in Japanese. If all or a part of the documentation relating to the tender offer is prepared in the English language and there is any inconsistency between the English-language documentation and the Japanese-language documentation, the Japanese-language documentation will prevail.
About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
Media Contact
Mariko Sanchanta
[email protected]
080-8702-7386
Kekst CNC
[email protected]
090-3239-9348