JAFCO will buy 78% stake in Japanese budget barbershop from ORIX
ORIX Corp., the Japanese leasing and financial conglomerate, is reportedly selling a 78% stake in QB House, the operator of a discount barbershop chain, to JAFCO Co., Ltd., the Japanese venture capital pioneer in a deal estimated at around JPY10 billion ($118.6 million), according to the Nikkei Newspaper.
Previously, the barber chain was reportedly being eyed by private equity firm Advent International. GCA Savvian Group, an M&A advisory firm, has been advising on the sale of QB Net, which operates the...
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