BDA advises AnaJet on its sale to Ricoh

BDA Partners is pleased to announce that its client, AnaJet LLC (“AnaJet”), a leading US provider of direct-to-garment printers, has been sold by Chicago Growth Partners, a private equity group, to Ricoh Company Ltd (“Ricoh”), one of Japan’s leading printing and imaging technology companies. BDA acted as exclusive financial advisor to AnaJet and Chicago Growth Partners. Terms of the transaction were not disclosed.

Founded in 2006, AnaJet was one of the first companies in the world to mass-produce digital garment printers. Today, the company is a recognized market leader in digital garment printing systems in the US with distribution in over 50 countries. The majority of AnaJet products available today leverage Ricoh’s market-leading inkjet printheads. AnaJet maintains a robust research and development center, as well as manufacturing, customer service, aftermarket support and end-user training programs in Southern California.

The addition of the AnaJet portfolio will help Ricoh further its position in the industrial inkjet market, a market where Ricoh maintains global leadership in inkjet printhead development. With AnaJet’s solutions combined with the broad Ricoh portfolio, customers will now have the ability to more effectively deliver a broader solution set to their end users.

AnaJet will continue to operate under its current name, management team, and capabilities, which currently include more than 50 employees and is headquartered in Costa Mesa, California.

Justine Mannering, BDA Managing Director in New York said, “We’re proud to have worked with AnaJet to execute this transaction. We believe that Ricoh represents the perfect partner to support AnaJet’s next phase and to accelerate the Company’s growth both internationally and through enhanced R&D and product development.”