Japan's Next Capital Partners gets 4x return from KASCO exit
Next Capital Partners (NCP), the Japan-based mid-market control turnaround manager, will sell portfolio company KASCO Co., Ltd, a Japanese golf-related equipment manufacturer, to Mamiya-OP Company Ltd. (Mamiya), a listed Japanese manufacturer of electronic equipment and sporting goods, for JPY2.1 billion ($25.86 million).
The agreed exit with Mamiya will give NCP a gross return of 4.0x and 40% IRR on the investment, which it originally made for JPY505 million ($6.2 million) in September 2006. Based in Shikoku, KASCO specializes...
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