
Permira hires former KKR deal-maker as head of Japan
Permira has chosen former KKR deal-maker Ryotaro Fujii as managing director and head of Japan. Yoichiro Furuse has been made chairman of Japan.
Fujii was previously a member of the deal team at KKR Japan where he helped close a number of high profile deals including Intelligence Holdings and Panasonic Healthcare. Prior to that Fujii was at Goldman Sachs in New York and Tokyo working on financial advisory and principal investment activities for various Japanese companies. He also served as a Japanese government official at the Ministry of Finance.
Furuse joined Permira as a senior adviser in 2007. Before that he held a number of senior management positions at several Japanese companies, including executive vice president and CFO at Sanyo Electric, and senior managing director at Mazda Motor. Prior to that he spent 32 years at Sumitomo Bank where he was member of the board and senior executive director. Furuse is chairman of the board at Japanese sushi chain Akindo Sushiro, and non-executive director at Nitto Denko and Global Logistic Properties.
Permira's most recent Japan deal was its exit from Japanese agricultural chemicals maker Arysta LifeSciences to US chemicals firm Platform Specialty Products (PSP) for about $3.51 billion. The GP currently has active investment in Japan: Akindo Sushiro, which it acquired from Unison Capital in 2012 for $1 billion.
In June last year, Permira reached a final close on its fifth global buyout fund, Permira V, at the hard cap of EUR5.3 billion ($7.2 billion). The new fund will follow the firm's long-term investment strategy of backing market-leading businesses with the potential to expand overseas.
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.