CVC adds to Japan team

Both investment professionals will be based in Tokyo, with Akaike also serving as head of the Japan office. CVC already has five executives in Tokyo, including two senior managing directors, Kei Mizukami and Norimitsu Niwa.

Akaike was previously a senior partner at Advantage, leading deals across the telecommunications, software and manufacturing sectors. Before that he was a consultant at McKinsey & Company. Sugiyama was a partner at Advantage and brings expertise in in real estate, B2C services and the industrial sector. He has also worked at Procter & Gamble and General Electric.

"Japan is an important market for us offering significant investment opportunities in a variety of sectors. Messrs Akaike and Sugiyama are great additions to our team to reinforce our strong position in Japan. CVC is committed to completing further control and joint control style investments in the country," Roy Kuan, Asia managing partner at CVC, said in a statement.

The PE firm completed its most recent Japan deal in November of last year, acquiring a 50% stake in enterprise-focused telecommunications carrier Arteria Networks - a unit of local conglomerate Marubeni - for $150 million.

This was followed by a partial exit from TechnoPro Holdings as the engineering staffing business went public in Tokyo. The company raised approximately JPY53 billion ($446 million), with CVC reducing its holding from 99.99% to around 20%. CVC bought TechnoPro - previously the Japanese operations of employment agency Prompt Holdings - in 2012 via a management buyout.

The private equity firm is currently investing its fourth pan-Asian fund, which closed last year at the hard cap of $3.5 billion.

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