
Japan's J-Star appoints new operating principal
Japanese mid-market buyout firm J-Star has appointed former biotech professional Yuki Kashiyama as its operating principal.
Before joining J-Star, Kashiyama was co-founder of US and Chile-based biotechnology firm Bio Architecture Lab where he acted as general manager of global biomass outsourcing and CEO of the company's Chilean operations. Prior to that he worked at Boston Consulting Group.
According to statement, J-Star has being looking to build its team by bringing in talents across various disciplines, including banking, venture capital investment, accounting and strategic consulting.
Kashima's appointment is part of a broader effort to expand the firm's ability to bring post-investment solutions to its portfolio companies. J-Star reached a (JPY20.4 billion) $205 million final close on its second fund - J-Star No.2 Investment - last June
"Kashiyama will dedicate himself to post-investment activities," J-Star said in a statement. "He will work closely with the management teams at our portfolio companies, helping those solving operational and managerial issues and implementing value-improving programs."
J-Star has so far made two investments from Fund II. In July, it joined the Supply Chain Support Fund - a vehicle backed by the Japan Auto Parts Industries Association and Development Bank of Japan - in investing around JPY1-2billion in auto parts firm Tokai Trim.
Meanwhile in October it increased its stake in image processing firm Primagest to 66% for an undisclosed sum having initially acquired initial 34.7% stake for JPY498 million the previous June
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