Case In Point: SME Deals On the Rise
As if to prove that 2011 would be the year of the SME investment, Polaris Capital Group has acquired a 100% stake in domestic food chain operator Samukawa Food Planning Co (SFP). Although the deal size was not disclosed by Polaris, Nikkei reports suggest the price is between JPY 6 and 7 billion ($73.8-86.1 million). As of the fiscal year ending September 2010, SFP reported sales of JPY10.6 billion ($127.5 million). Ryosaku Samukawa, the founder and CEO of SFP, will remain as president, in charge of business operations.
Polaris purchased all of its shares from the company's founding family. Tokyo Star Bank which is majority owned by Advantage Partners, reportedly provided financing for the deal. Since the second half...
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