Global private equity firm Bain Capital has acquired Japan-based life science and industrial solutions firm Evident Corporation, while Singapore-based cloud communications provider Toku has acquired the Southeast Asia operations of French customer experience consulting firm Activeo.
Bain Capital buys Evident from Olympus
Bain Capital has acquired Evident Corporation from Japanese medical equipment manufacturer Olympus Corporation.
“Evident is at the frontier of digital optical technology in the life science and industrial end markets and has great potential to expand into new products, new customers, and new markets as an independent company,” said Stephan Thomas, Managing Director of Bain Capital in North America.
Founded in 2022 as a wholly owned subsidiary of Olympus, Evident conducts business in 24 countries worldwide with more than 4,300 employees. Evident Industrial’s solutions range from microscopes and videoscopes to nondestructive testing equipment and X-ray analysers.
The company’s life sciences unit produces a range of microscopes for pathology, hematology, IVF, and other clinical applications as well as for research and education.
Bain Capital is one of the world’s leading private investment firms, with $160 billion in assets under management. In Asia Pacific, the firm’s private equity team has invested over $11 billion in more than 50 transactions. In December last year Bain Capital officially filed with the US Securities and Exchange Commission (SEC) to raise its fifth Asia-Pacific fund.
The firm secured over $2 billion for its second APAC special situations fund, the largest dedicated special situations fund in the region, in June last year. It also raised over $1 billion for a debut Japan buyout vehicle.
Activeo SG to be autonomous unit under Toku
Toku has acquired the Southeast Asia operations of French customer experience consulting firm Activeo.
For the past 12 months, Activeo Singapore has worked with Toku as an independent partner to deliver CX transformation projects to many customers in the country. This acquisition is a natural next step for both parties to realise the full synergies of their partnership, a statement read.
Activeo Singapore complements Toku’s offerings with strategic consulting expertise and large-scale enterprise project delivery. The company will continue operating as an autonomous business unit under the Toku banner. Jonathan Mondon, Managing Director of Activeo Singapore, will assume a new role as Head of Consulting at Toku.
“Activeo Singapore will continue to be tech-agnostic and deliver the best fit-for-purpose solutions that solves our customers’ pain points. In addition, Activeo Singapore customers will be able to add Toku’s proprietary technology and connectivity solutions to their arsenal, further supercharging their CX strategies,” said Mondon.
The combined team resulting from the acquisition will expand to more than 110 employees and will also include a physical presence in Malaysia and an enhancement of Toku’s channel programme.
Toku provides an end-to-end approach to help businesses overcome the complexity of digital transformation in APAC markets and enhance their CX with mission-critical cloud communication solutions.
The company has worked with organisations such as Gojek, foodpanda, JCDecaux, Decathlon and various government agencies to move their communications to the cloud and create new ways to engage with their customers.