Bain Capital's Take-Private of INFORICH / ChargeSPOT (9338)
A Bain Capital vehicle, BCJ-102, reported 88.60% of INFORICH (9338, ChargeSPOT); together with a company director who rolled over his stake, the group reached 97.82%. The tender offer closed 2026-03-31, at a total cost of about ¥40.7 billion.
| Target | INFORICH Inc. (ChargeSPOT), ticker 9338 |
|---|---|
| Acquirer | Bain Capital, via BCJ-102 (+ management rollover) |
| Stake | 88.60% (BCJ-102); 97.82% with director rollover |
| Total cost | ~¥40.7bn (~¥22.5bn equity, ~¥18.1bn bank debt) |
| Lenders | SMBC, SBI Shinsei, Aozora |
| Tender offer closed | 2026-03-31 |
| Delisting route | EGM + share consolidation (Companies Act art. 180) squeeze-out |
| Primary source | EDINET doc S100XXK6 (PDF) |
What the filing shows
INFORICH is a management-rollover take-private: insiders stay in, Bain provides the capital, and bank debt covers the rest. The "important proposal activity" box reads not applicable even though the stated purpose is to take the company private — because the deal runs through the tender-offer-and-consolidation route, not the "important proposal" mechanism the box asks about.
What the filing does not say: the squeeze-out price for remaining minority holders, or whether it draws an objection.
Part of a pair
INFORICH is one of two Japanese companies Bain Capital moved to take private in the same 2026 filing window — the other being MCJ (6670), through a different vehicle (BCPE Meta Cayman, L.P.).
FAQ
- Who is taking INFORICH / ChargeSPOT private?
- Bain Capital via BCJ-102 (88.60%), reaching 97.82% with a director's rollover. Tender offer closed 2026-03-31.
- How much did it cost?
- ~¥40.7bn: ~¥22.5bn equity, ~¥18.1bn bank debt (SMBC, SBI Shinsei, Aozora).
- Where can I verify this?
- Primary EDINET filing doc S100XXK6.