Nearly a decade after establishing a foothold in Asia, Partners Capital has acquired a string of local clients and devised a distinct, middle market-oriented approach to deploying capital in the region
Polaris Capital Group has fully exited Aimechatec, a supplier of LCD panel manufacturing equipment it carved out from Hitachi in 2016 and took public last year, with proceeds of JPY 3.96bn (USD 27.6m).
Japanese flying car developer SkyDrive has raised JPY 9.6bn (USD 67m) in Series C funding featuring US-based Pegasus Tech Ventures and local strategics such as Suzuki Motor.
Japan’s Nomura Holdings has launched a business called Laser Venture Capital that will invest in companies in the blockchain and digital assets space.
Korea’s Seoul Robotics, which specialises in computer vision for 3D sensors used by autonomous cars, has raised a USD 25m Series B round led by KB Investment.
Korea-focused Glenwood Private Equity has closed its second fund on KRW 900m (USD 648m) from local LPs, having established itself as a mid-market corporate divestment specialist
Managers coming back to market more frequently and a depreciating yen are playing havoc with LP allocations to private equity, institutional investors told the AVCJ Japan Forum.
Japanese lower-middle market private equity firm J-Star has confirmed an investment of undisclosed size in Toy Factory, a campervan designer and manufacturer.
Kevin Lee founded Crescendo Equity Partners to spot overlooked Korean technology suppliers and reposition them as global leaders of their niches. This required a rare combination of skills
Macroeconomic uncertainty and liquidity risk are pushing Korean private equity firms to think beyond buyouts, double down on operational capabilities, and consider all their exit options
Affirma Capital has led a KRW 300bn (USD 217m) funding round – at a valuation of KRW 1trn – for Carrot General Insurance, a South Korea-based digital insurer.
Global Brain has led a JPY 4.4bn (USD 30.5m) Series A round for Japanese business automation and IT services platform Josys with plans for an international expansion.
PAG returns to a historically fruitful niche with the acquisition of Japanese theme park operator Huis Ten Bosch. COVID-19 made the deal possible but remains a wildcard
MegaStudy Education, a listed Korean education provider with a market capitalisation of nearly KRW 900bn (USD 660m) has decided against selling a stake to North Asia-focused private equity firm MBK Partners.
Integral Corporation has launched a tender offer for Daiohs Corporation, a Tokyo-listed provider of office services – such as coffee machines and water dispensers as well as cleaning services – at a valuation of approximately JPY 20.2bn (USD 144m).
Japan’s oVice, a start-up that provides virtual co-working spaces for remote and hybrid teams, has raised JPY 4.5bn (USD 32.1m) in Series B funding featuring Jafco and Eight Roads Ventures.
Orchestra Private Equity, which specialises in cross-border transactions involving Korea, Japan, and China, has acquired Japan-based scaffolding provider Stack for an undisclosed sum.
Japan’s D Capital, a private equity firm specialising in digital transformation that spun out from Unison Capital last year, has raised JPY 26bn (USD 188m) for its debut fund against a target of JPY 30bn.
The expansion of Japan’s middle-market private equity scene has not kept pace with the rise in global investor interest. Spiking competition is inducing GP formation, but impediments are myriad
PAG has agreed to buy Huis Ten Bosch, a Japanese theme park best known for its recreations of idyllic European cityscapes, for an equity valuation of approximately JPY 100bn (USD 722m).
Private equity investors are keen to acquire mature but unloved assets from Japanese corporates and reposition them for growth. Execution is seldom straightforward, and size often means complexity
Bain Capital has agreed to acquire Evident, a Japan-based medical devices manufacturer best known for producing microscopes, from Olympus Corporation for JPY 427.7bn (USD 3.08bn).
AIGF Advisors, a private equity firm sponsored by Japan’s Mitsubishi Corporation, has closed its second ASEAN-focused fund with JPY 17.3bn (USD 127m) in commitments.