Arent is acquiring 20% of Let's, a software company specializing in back-office solutions for the construction industry, as part of its strategy to enhance product offerings and expand market reach.

Target Information

Arent, a leading company in the construction industry, is advancing its efforts to develop an application integration platform that connects data across businesses through APIs and other technologies. In this context, the company is set to acquire Let's, a software firm based in Osaki City, Miyagi Prefecture, that specializes in back-office software solutions such as estimating, ordering, and cost management.

Let's has demonstrated a solid financial performance, reporting sales of approximately 351 million yen, operating profit of 81.1 million yen, and net assets totaling 655 million yen for the fiscal year ending July 2025.

Industry Overview in Japan

The construction industry in Japan has been undergoing significant transformation, driven by technological advancements and a growing demand for efficiency. The adopti

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Arent

invested in

レッツ

in 2026

in a Buyout deal

Disclosed details

Transaction Size: $30M

Revenue: $4M

EBITDA: $1M

EBIT: $0M

Net Income: $0M

Enterprise Value: $31M

Equity Value: $30M


Multiples

EV/EBITDA: 42.7x

EV/EBIT: 390.0x

EV/Revenue: 8.9x

P/E: 503.5x

P/Revenue: 8.6x

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