U.S. investment fund TPP launches ¥70 billion tender offer for Star Micronics

November 21, 2025

Taiyo Pacific Partners (TPP), a U.S.-based investment fund, announced on November 12 that it will conduct a tender offer (TOB) for Star Micronics, an automatic lathe manufacturer. Solstisia, a special purpose company established by TPP for this acquisition, will execute the TOB with the aim of making Star Micronics a wholly owned subsidiary.

Offer terms and schedule

The TOB period runs from November 13 to December 25, during which Solstisia will acquire 31,183,272 shares at ¥2,210 per share, for a total of approximately ¥70 billion. If the TOB succeeds, Star Micronics will be delisted from the stock exchange.

TPP and Star Micronics established a capital and business alliance in April this year, with TPP currently holding a 35.69% stake in Star Micronics. Star Micronics has expressed support for the TOB, stating that “fundamental structural reforms from a medium- to long-term perspective are essential.”

Star Micronics forecasts net sales of ¥70.1 billion (up 7.9% year-on-year) and operating income of ¥4.2 billion (up 4.4% year-on-year) for the fiscal year ending December 2025.