
Longreach expands partner group to six - update
North Asia-focused mid-market buyout firm The Longreach Group has promoted Keitaro Tsuda, Sonny Chan, and Ken Law to partner, expanding its leadership group to six.
They join existing partners Mark Chiba, Masamichi Yoshizawa, and Tomoya Sugimoto. Chiba and Yoshizawa, who co-founded the firm, also serve as executive chairman and representative director, respectively.
Chan is the longest-serving of the three new partners, having joined Longreach from Headland Capital Partners as an executive director in 2016. He was elevated to principal the following year. Chan leads Longreach’s Greater China investments and supports expansion efforts by Japanese companies. Deals include Amazon Papyrus, Quasar Engineering, and EnTie Commercial Bank.
Tsuda arrived from Unison Capital in 2018 as a principal. Before that, he co-founded the principal investment group at Itochu Corporation. Responsible for buyouts in Japan, Tsuda has worked on investments such as Fujitsu Component and Japan Systems.
Law was recruited from healthcare investor Ally Bridge Group in 2018 to serve as Longreach’s CFO. In addition to being promoted to partner, he is taking on the newly created role of group COO.
“We are excited that the combination of continuing, seasoned firm leadership with the development of the next generation of partners creates a great senior platform, as we move forward with our investments, capital raisings, and long-term firm development,” Chiba said in a statement.
Longreach has USD 2.1bn in commitments across three funds. It focuses on control buyouts in Japan with Japan-relevant Greater China investments also considered. Key sectors include industrials and technology, consumer, and business services. The firm’s third fund closed on USD 650m in 2019.
Last month, Longreach agreed to sell Taiwan’s EnTie to IBF Financial Holdings for NTD 33.7bn (USD 1.2bn), potentially ending a 14-year journey marked by several frustrated exit attempts.
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