Polaris invests in Japan's Myland Real Estate
Polaris Capital Group has acquired a 30% voting stake in Myland Real Estate through its second country-focused fund. The investment is part of the Japanese property broker's wider strategy to expand its business in preparation for an IPO in the next couple of years.
The transaction was structured as a subscription for new shares in Myland. Polaris will now manage the company alongside its founder, Yasujiro Okano, and OGI Holdings. The plan is to bring in several directors...
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