Mizuho Leasing Company, Limited completed the acquisition of 51% stake in Rent Alpha Private Limited from its current shareholders including Bravia Capital.
June 29, 2023
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Mizuho Leasing Company, Limited (TSE:8425) signed an agreement to acquire 51% stake in Rent Alpha Private Limited from its current shareholders including Bravia Capital on February 3, 2023. Rent Alpha and its 100% subsidiary Capsave Finance provide equipment rental solutions, including IT equipment, office furniture, medical equipment, and plant & machinery, to both large and small to medium-sized companies. Rent Alpha will become a consolidated subsidiary of Mizuho Leasing. The transaction is subject to regulatory approval. Radhika Gaggar, Aditi Manchanda, Gazal Rawal and Abe Abraham of Cyril Amarchand Mangaldas acted as legal advisor to Mizuho Leasing Company, Limited (TSE:8425). Edelweiss Financial Services Limited acted as financial advisor for Rent Alpha and Bravia Capital while Mizuho Securities acted as financial advisor for Mizuho Leasing. Ashish Razdan, Vidushi Gupta, Vinita Krishnan, Anshul Prakash, Abir Sarkar, Sagarika Chandel, Shriya Kamat and Virali Nagda of Khaitan & Co. acted as legal advisor to Bravia Capital and Rent Alpha Private Limited.
Mizuho Leasing Company, Limited (TSE:8425) completed the acquisition of 51% stake in Rent Alpha Private Limited from its current shareholders including Bravia Capital on June 30, 2023.
Mizuho Leasing Company, Limited, formerly IBJ Leasing Company, Limited, is mainly engaged in lease, installment sales and various financial transactions for industrial machinery, transportation equipment, information-related equipment. The Company operates in three business segments. The Leasing and Installment segment is engaged in the installment sales business of leasing operations (including expiration of lease transactions and property sales due to halfway cancellation) and production facilities, construction earthmoving machines, commercial facilities etc. for industrial machine tools, transportation equipment, information related equipment. The Finance segment is involved in corporate finance, ship financing, factoring business and investment business of securities owned to earn profits for business purpose. The Others segment is engaged in used property buying and selling, solar power selling business.
Mizuho Leasing Company, Limited completed the acquisition of 51% stake in Rent Alpha Private Limited from its current shareholders including Bravia Capital.
MIZUHO LEASING COMPANY, LIMITED 
