Taiyo Pacific Partners Becomes Major Shareholder in CyberAgent, Inc. with
Stake over 5%
TOKYO -- April 11, 2013
Taiyo Pacific Partners announced today that it has accumulated in excess of 5%
in CyberAgent, Inc. (4751) to become CyberAgent’s second largest shareholder.
Taiyo Pacific Partners is known for its cooperative investment style working
with senior management to enhance shareholder value.
Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo
Pacific Partners, said, “CyberAgent is an example of Japanese innovation and
next generation leadership in the fast growing internet and social media field
that is reshaping global communications. President Fujita and his management
team have grown the firm into Japan’s top online advertising agency and we
expect CyberAgent to utilize rising smartphone penetration to generate even
higher returns for shareholders in the years ahead.”
Michael A. King, Chief Investment Officer and Managing Partner of Taiyo
Pacific Partners, said, “CyberAgent is able to generate lower risk, steady
profit expansion in the growing online advertising agency business while also
providing attractive exposure to the significant medium to long term upside
potential of Ameba, its community and game-based smartphone social networking
service (SNS). We believe the combination of reliable growth with upside
leverage is not accounted for in the current valuation.”
President Susumu Fujita commented, “Taiyo Pacific Partners takes a long term
view and we are pleased they have come to well understand our business model
and strategy. We will work to meet shareholders’ high expectations through
growing our smartphone business and raising CyberAgent’s corporate value.”
Taiyo Pacific Partners, located in Kirkland, Washington, was founded in 2003
by Asia-focused professionals dedicated to friendly shareholder activism in
Japan and other Asian countries. The firm currently manages over $2.0 billion
in Japan-focused funds. All strategies employ a friendly activist approach.
Investors include US, Japanese and European pension plans, endowments and
other institutional investors.
Taiyo Pacific Partners
Brian K. Heywood, 425-896-5300
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