J-Star seals first secondary exit
Japan has seen 61 private equity secondary exits since 2011 – more than the combined total for the 10 years before that. This surge in activity can largely be traced back to buyouts from the years leading up the global financial crisis. Investors want to exit, and with weak public markets and uncertainty among strategic players, secondaries are a welcome source of liquidity.
For J-Star, which completed its first-ever secondary exit last week, selling to another PE investor was a practical necessity. Repair business Burn Holdings was keen to retain its independence, so despite...
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