Polaris Private Equity Fund V, L.P. managed by Polaris Capital Group Co., Ltd. signed an agreement to acquire Printed Wiring Board business operated by Showa Denko Materials Co., Ltd. recently. Transaction is subject to regulatory approval. The transaction is expected to be completed on September 1, 2021. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to Polaris Capital Group Co., Ltd.