Acquisition financing · Enterprise software
Micronity discloses ¥500m acquisition loan from Shizuoka Bank
The financing supported its purchase of online examination company IBT Research Institute.
Micronity disclosed ¥500 million in acquisition financing from Shizuoka Bank. The loan supported its completed purchase of IBT Research Institute, using the acquired business’s enterprise value as collateral.
IBT Research Institute operates an online examination platform. Micronity plans to combine the business’s technology and customer relationships with group engineering resources and AI expertise to develop its products. The acquisition was announced in September; the October announcement sets out the financing structure.
Use of funds
Finance the acquisition of IBT Research Institute
Funding history
Acquisition financing · This round¥500M