In corporate venture capital (CVC) investment activities, M&A is an important strategic option. The JAPAN CVC SURVEY 2023 sheds light on the latest trends in M&A strategies within Japanese CVCs.
【Overall Trends】
・40%: No particular focus on M&A
・43%: View M&A as a pure exit strategy
・5%: Consider M&A as an important premise for investment decisions
・3%: Conduct investment activities with M&A as the primary objective
・Valuation setting
・Conducting due diligence
・Aligning investment decisions with M&A decisions
・Internal consensus-building process
■Summary
M&A strategies in Japanese CVCs are largely divided into two groups: 43% view M&A as a pure exit strategy, and 40% do not focus on it. This shows that CVCs do not consider M&A as an absolute objective, adopting a more flexible exit strategy approach.
Notably, only 3% of CVCs engage in investment activities with M&A as their main goal. This suggests that most CVCs treat investment activities and M&A as separate strategic options, flexibly utilizing them based on the situation.
In the future, with the progress of open innovation, the organic integration of investment activities and M&A is expected to become more important. CVCs will need to maintain a balanced approach, keeping M&A possibilities in mind from the early stages of investment while ensuring flexible strategic options.
For inquiries about our services, requests for documents, support requests, or to apply for community membership and event participation, please feel free to contact us here.