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WA-45015

EQT Fund Management / Kakaku.comWA-45015

View on ACCC

Processing timeline

13

days

Filed

12 May 2026

Notification waiver determination published

Decision

25 May 2026Notification waiver determination published
Type
Waiver
Outcome
Approved
Stage
Waiver application
Status
Assessment completed

Parties

Acquirer(s)

Kamgras 1 K.K. Japan corporate number - 0104 01 197943

Target(s) or Vendor(s)

Kakaku.com, Inc. Japan corporate number - 0110-01-065997, Time Design International Pte Ltd Singapore registration number - UEN 201736394D

Other parties

EQT Fund Management S.à r.l. Luxembourg Company Registration Number - B167972

Summary

BPEA Private Equity Fund IX, via Kamgras 1 K.K. and controlled by EQT Fund Management S.à r.l., is acquiring all shares and share options in Japanese listed company Kakaku.com, Inc. The target operates online price comparison platforms, with its subsidiary Time Design International generating Australian travel booking commissions.

Acquisition details

BPEA Private Equity Fund IX ( BPEA IX ), through the Japanese special purpose vehicle Kamgras 1 K.K., proposes to acquire all issued common shares and share options in Kakaku.com, Inc. ( Kakaku.com ), a Japanese listed company. BPEA IX is a private investment fund controlled by EQT Fund Management S.à r.l., its alternative investment fund manager. Kakaku.com operates online price comparison and consumer information platforms in Japan. Its indirect subsidiary, Time Design International Pte Ltd, incorporated in Singapore, generates commission revenues from Australian customers booking bundled travel packages (such as airline tickets and hotel accommodation) through its technology platform.

Industry

Broad:Technology, Media & TelecomsANZSIC 5700:Internet Publishing and BroadcastingANZSIC 6240:Financial Asset InvestingANZSIC 7220:Travel Agency and Tour Arrangement Services

Decisions and key events

25 May 2026Notification waiver determination publishedAttachmentPDF132.0 KB

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