PHC-HOLDINGS
PHC Holdings Corporation (headquarters: Minato-ku, Tokyo, Japan, hereafter PHCHD) today announced an investment of JPY 20 billion by L Catterton (headquarters: Connecticut, US), the largest global consumer-focused private equity firm. With this transaction, L Catterton joins PHCHD’s shareholders, Kohlberg Kravis Roberts & Co. L.P., Mitsui & Co., Ltd., Life Science Institute, Inc. (a member of the Mitsubishi Chemical Holdings Group), and Panasonic Corporation, and will work together to create value.
L Catterton has significant experience investing in leading consumer healthcare services businesses including FYI Doctors, ClearChoice, 98Point6, and Patient Point. This investment signifies their expansion into the medical devices and health data businesses. As a new shareholder, L Catterton will support further growth for PHCHD by utilizing its expertise, industry knowledge, and wide-ranging network in the consumer healthcare industry.
PHCHD is a healthcare company that provides value-added products and services across diabetes management, life sciences and diagnostics globally, and healthcare services in Japan. In 2019, the company acquired the anatomical pathology business (currently operating as Epredia) from Thermo Fisher Scientific Inc. and LSI Medience Corporation which mainly conducts clinical testing business. These transactions were designed to diversify PHCHD’s business portfolios, strengthen its global business base and support future growth.
John Marotta, President and CEO of PHCHD says, “I’m delighted that we’ve completed this transaction and am excited to welcome L Catterton as our new shareholder. PHCHD is a truly global diversified healthcare platform of established brands that has achieved tremendous success worldwide. Through the combination of our innovative product and service portfolios, alongside our business system as a driver of continuous improvement, PHCHD is well positioned for continued global expansion and is ready to further execute on its strategic growth priorities. Going forward, with the expertise and support from L Catterton, we hope to be able to capture new opportunities to further expand our business and enable us to offer more value to our customers. We are confident that L Catterton is the right partner for our next chapter of growth.”
Chinta Bhagat, Managing Partner of L Catterton Asia said, “We are excited to join such a renowned group of shareholders at PHCHD to help build an innovative, global healthcare solutions company. The healthcare industry, and medical devices in particular, are rapidly shifting from a scientific and engineering orientation towards greater consumer-centricity. This positions L Catterton to leverage our deep insights and play a valuable role in the development of PHCHD’s future businesses, particularly in the U.S. and Asia. We look forward to supporting and working closely with PHCHD’s deeply experienced management team in these areas.”
About PHC Holdings Corporation
Incorporated in 2014, PHC Holdings Corporation is a global healthcare company with subsidiaries including PHC Corporation, Ascensia Diabetes Care Holdings AG, Epredia, and LSI Medience Corporation. Committed to its corporate mission that states, “We contribute to the health of society through our diligent efforts to create healthcare solutions that have a positive impact and improve the lives of people,” the company develops, manufactures, sells and services solutions across diabetes management, life sciences and diagnostics globally, as well as providing healthcare services in Japan. The PHC Group’s consolidated net sales in FY2019 were 272 billion yen with global distribution of products and services in more than 125 countries.
www.phchd.com
About L Catterton
With approximately $25 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. L Catterton's team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad partnership network. Since 1989, the firm has made over 200 investments in leading consumer brands. For more information about L Catterton, please visit www.lcatterton.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210330006164/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
500 Global and Creators HQ Partner to Incubate the Next Generation of Creator-Led Startups4.9.2025 16:25:00 CEST | Press release
500 Global, one of the world’s most active venture capital firms1, and Creators HQ, the first content creator hub in the UAE and the Middle East and part of Visioneers, today announced a strategic partnership to launch the Creators Ventures Accelerator, which identifies and incubates the most promising creator-led startups worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250904787040/en/ Her Excellency Alia AlHammadi, Vice Chairperson of the UAE Government Media Office and CEO of the 1 Billion Followers Summit with Courtney Powell, COO & Managing Partner, 500 Global. Focusing on supporting the creator economy - an industry projected to grow to $480 billion by 2027 - the inaugural cohort of the Creators Ventures Accelerator will include up to 20 high-potential creators and creator-enablers, who are ready to transform their ideas and influence into thriving, scalable ventures. "Creators are uniquely positioned to disr
ContourGlobal’s First Renewable Energy Facility in U.S. Comes Online in Colorado4.9.2025 16:22:00 CEST | Press release
Black Hollow Sun I (185 MWp), the first phase of a larger solar project, starts delivering electricity to Platte River Power Authority.ContourGlobal is also constructing the second phase of the project, BHS II, which will add 139 MWp and is expected to be completed by the end of 2026.Together, BHS I and BHS II will constitute the largest photovoltaic installation in Northern Colorado, with an expected annual production of nearly 608 GWh of clean electricity, enough to power more than 73,000 homes. ContourGlobal announced today the start of operations at Black Hollow Sun I (BHS I), a 185 MWp solar photovoltaic facility located near the Town of Severance, Colorado. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250904358284/en/ BHS I - ContourGlobal’s first operating renewable plant in the United States BHS I represents ContourGlobal’s first operating renewable plant in the United States and the initial phase of the Black Holl
Rigaku Joins Two Partners in Establishing RIGAKU/JEOL-iCeMS Innovation Core and Concluding a Cooperation Agreement4.9.2025 16:00:00 CEST | Press release
On September 4, 2025, Rigaku Corporation, a global solution partner in X-ray analytical systems and a Group company of Rigaku Holdings Corporation (headquarters: Akishima, Tokyo; President & CEO: Jun Kawakami; hereinafter “Rigaku”); Kyoto University (Main campus: Kyoto; Nagahiro Minato, President; hereinafter “Kyoto University”); and JEOL Ltd. (headquarters: Akishima, Tokyo; President & CEO: Izumi Oi, hereinafter “JEOL”) concluded an agreement to establish an organization for open innovation. The purpose of this initiative is to leverage each other’s strengths, conduct joint research and development and cultivate skilled personnel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250904601877/en/ RIGAKU/JEOL-iCeMS Innovation Core The newly established RIGAKU/JEOL-iCeMS Innovation Core is a joint research facility founded within the Analysis Center of the Institute for Integrated Cell-Material Sciences (Kyoto University iCeMS).
Idemitsu Partners with Rimini Street to Support and Enable its Long-Term IT Roadmap and Strategy Built on Top of its SAP ECC 6.0 System4.9.2025 15:00:00 CEST | Press release
Japanese petroleum manufacturer and retailer leverage the expertise of Rimini Support™ for SAP to reimagine its ECC 6.0 investment, transforming it into a DX accelerator for competitive advantage and growth Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced Idemitsu Kosan, Japanese petroleum manufacturer and retailer, has selected Rimini Street as its long-term, strategic ERP support and services partner, providing expertise and extended capabilities for its core SAP ECC 6.0 system. The initial engagement with Rimini Street began in 2013 when Idemitsu selected Rimini Support™ for its Oracle EBS system, during the phase in which they were transitioning to SAP ECC 6.0. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250904216204/en/ Idemitsu Partners
Stellantis Joins GlobalPlatform to Advance Global Automotive Cybersecurity Standards4.9.2025 15:00:00 CEST | Press release
Stellantis is the latest major auto OEM to join GlobalPlatform, helping to accelerate cross-industry collaboration on cybersecurity standardization for software-defined vehicles (SDVs). Stellantis—the company behind 14 major auto brands, including Alfa Romeo, Chrysler, FIAT, Jeep®, Opel, Peugeot, and Vauxhall—has joined GlobalPlatform to help align its technologies with evolving automotive use cases and regulatory requirements. As part of the agreement, Bill Mazzara, North American Regulatory Lead and Technical Fellow for Product Cybersecurity at Stellantis, becomes co-chair of the GlobalPlatform Automotive Task Force. Stellantis joins a growing community of automakers, cybersecurity firms, silicon vendors, and academic institutions in GlobalPlatform that are advancing a standardized approach to meeting the complex cybersecurity demands of today’s SDVs. Recent members of the Automotive Task Force include AIST, Cariad (Volkswagen), Dekra, ETAS, Linaro, Rambus, Renesas, Stellantis, Uni-s
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom