- Region: Oceania
- Manufacturing and Services
- Overseas Investment Loans
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The Japan Bank for International Cooperation (JBIC, Governor: HAYASHI Nobumitsu) signed on September 30 a loan agreement amounting to JPY149 billion (JBIC portion) with Renesas Electronics Corporation (Renesas). The loan is co-financed with MUFG Bank, Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Resona Bank, Limited, the Norinchukin Bank, Bank of America, National Association, Tokyo Branch, Sumitomo Mitsui Banking Corporation, and Aozora Bank, Ltd., bringing the total co-financing amount to JPY937 billion.
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The loan is intended to finance part of the funds necessary for Renesas to acquire the Australian company Altium Limited (Altium)*1. The acquisition price is approximately AUD9.1 billion.
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Altium designs, develops, and sells design software for printed circuit boards (PCBs) that incorporate a wide variety of electronic components, including semiconductors. Renesas is promoting a digitalization strategy to achieve a more user-friendly experience and enable cloud-based development. The acquisition represents Renesas’ first significant step in promoting the strategy. By acquiring Altium’s technologies, Renesas will develop an electronics system design and lifecycle management platform*2 that make electronics design accessible to the broader market and accelerates innovation. This loan supports the business deployment of Renesas, a Japanese company, by providing it with necessary funds for overseas M&A. JBIC aims to back up Japanese companies’ overseas expansion of existing business as well as new business deployment and contribute toward maintaining and improving the international competitiveness of Japanese industry.
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As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies, including their overseas M&A activities, in collaboration with private financial institutions.
Note
- *1 Renesas completed the acquisition of Altium on August 1, 2024.
- *2 A new platform that enables the provision of one-stop services, from PCB design, simulation, and testing to final product design