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Ant Capital invests $11m in construction software firm Kozo Keikaku

  • Andrew Woodman
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Japanese private equity firm Ant Capital Partners has agreed to acquire a 30.4% stake in Japan-listed construction software developer Kozo Keikaku Engineering from existing shareholders for JPY1.15 billion ($11 million).

According to a regulatory filing, Ant Capital bought 17,608 shares via Ant Bridge No.3, a JPY11 billion vehicle which reached a final close in December after just over two years on the market.

Kozo Keikaku was set up in 1956 as a company specializing in structural design. However, over the years the business has evolved to include the development of engineering software used for the analysis and simulation of the effects of natural disasters - such as earthquakes and tsunamis - on man-made structures.

The company also works on analysis software development in the telecommunications space. Based in Tokyo, it employs 550 staff and is capitalized at around JPY1 billion.

Ant Capital, formerly Nikko Ant Factory, was set up in 2000 and focuses on domestic investments in small-cap private companies, venture capital and secondaries. The firm closed its third Japanese secondaries fund in late 2011 at $140 million.

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