J-Star completes $6.6m exit of sweets maker Tokachi
J-Star has completed its exit of a 100% stake Japanese sweet maker Tokachi to Tokyo-listed Mediaflag in deal valued at JPY644 million ($6.6 million). According to sources familiar with the matter, the GP has generated a 1.3x return on its investment.
Established in 1974, produces Japanese sweets - made from traditional ingredients such as red bean paste and rice cake - that are sold across 26 stores in southern Saitama prefecture under a brand called...
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