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      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

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Advantage Partners

Advantage Partners to acquire GTAGuam

Tokyo-based private equity firm Advantage Partners has received the green light to acquire Guam’s leading telecom operator GTA TeleGuam from owner Shamrock Capital Advisors. The deal has been approved by the country’s Public Utilities Commission following...

  • Australasia
  • 23 February 2011
Advantage exits Pokka in trade sale

In a week marked by trade sales in the food and beverage industry, Tokyo-based Advantage Partners has announced it will exit its entire 40% stake in Pokka Co., a Japanese coffee and soft drink maker to Sapporo Holdings, the local brewery major which already...

  • North Asia
  • 16 February 2011
Advantage Partners may exit Pokka to Sapporo

Advantage Partners, a Japanese private equity firm, is eyeing to exit domestic coffee and soft drink maker Pokka to Sapporo Holdings, major local brewer.

  • Exits
  • 08 February 2011
Advantage Partner may take on restructuring money for Tokyo Star

Advantage Partners, the Tokyo-based buyout firm, is reportedly considering giving up three of its five board seats of its 100%-owned investee - and troubled lender - Tokyo Star Bank to creditors.

  • Portfolio management
  • 25 January 2011
PE bids for Japan consumer lender: reports

According to reports in local Japanese press, a short list of bidders for Japanese consumer lender Takefuji Corp include: TPG Capital; nonbank financial firm in Kyoto, Japan, J Trust Co.; a major South Korean consumer credit company; and Tokyo-based...

  • Restructuring
  • 14 January 2011
Advantage Partners portfolio company sells Red Lobster

REINS International Inc., a food chain operator in Tokyo fully owned by Rex Holdings, has sold 100% stake in Red Lobster Japan Co., Ltd., to CELUX Inc., a food business producer and food chain operator based in , Japan.

  • Portfolio management
  • 06 January 2011
Kirkland & Ellis partner Debolt relocates to Hong Kong for private equity

Global law firm Kirkland & Ellis International has relocated PE-focused Partner Michel Debolt from London to Hong Kong to bolster its private equity practice in Asia.

  • People
  • 17 November 2010
Advantage Partners will buy TeleGuam from Shamrock Capital

Tokyo-based PE firm Advantage Partners has signed a merger agreement with Guam telecom company TeleGuam Holdings, according to TeleGuam's statement, buying the company from Shamrock Capital Advisors, a California-based PE firm.

  • Exits
  • 15 November 2010
Returns, the second time around
Returns, the second time around

With the global private equity debate still dominated by the $400 billion+ overhang of capital seeking a home, some 10% of it in Asia Pacific, expectations have been building of a new spate of secondary buyout deals that would put more of this capital...

  • Performance
  • 03 November 2010
Advantage investee 1st Holding to go IPO

Advantage Partners-owned Japanese software maker 1st Holding, Inc. has filed for an initial public offering on the JASDAQ board, seeking to raise around JPY14 billion ($173.5 million) by selling around 16 million shares, according to reports.

  • Exits
  • 03 November 2010
Advantage grapples with Tokyo Star Bank leverage

Leading Tokyo-based buyout firm Advantage Partners has reportedly been looking for investors for its fully-owned investee, Tokyo Star Bank, a regional bank also based in Japan’s capital.

  • North Asia
  • 12 October 2010
Advantage Partners seeking secondary investor for Tokyo Star Bank

Advantage Partners, the independent Japan-focused buyout firm, is seeking capital from investors to help cover the JPY170 billion ($2.04 billion) loan package it used to acquire Tokyo Star Bank in 2007 from the previous majority shareholder, Lone Star...

  • Secondaries
  • 06 October 2010
Advantage Partners buys apartment management company in Japan

Advantage Partners, the Tokyo-based private equity firm, has acquired a local apartment management company, Marimo Community Co., for an undisclosed amount.

  • Buyouts
  • 04 October 2010
Wise Partners outbid PE rivals to take Goldman's Teibow

Wise Partners, a Japanese private equity firm, will buy Teibow Co., a local maker of felt pen tips, from US investment bank Goldman Sachs for between JPY10-15 billion ($117-176 million).

  • Exits
  • 20 August 2010
Advantage steps back from Willcom's restructuring

Willcom Inc., the Japanese PHS (personal handy-phone system) operator 60% owned by the Carlyle Group, and now in Chapter 11 bankruptcy restructuring, will be supported by Softbank Corp., Japan's No.3 mobile phone operator, without the participation of...

  • Restructuring
  • 03 August 2010
Entertainment and media is where it's at
Entertainment and media is where it's at

According to PricewaterhouseCooper’s Global Entertainment & Media Outlook, following a depressed 2009, during which E&M spend fell 5.4% from 2008, the industry is experiencing a 5% compounded annual growth spurt with the extended forecast period to 2014...

  • Media
  • 21 July 2010
Goldman Sachs to sell its 86% stake in Teibow

Goldman Sachs is set to sell its 86% stake in Japanese manufacturer of pen nibs Teibow Co. for as much as JPY10 billion ($113 million), according to reports.

  • Exits
  • 14 July 2010
Advantage GPs join media investee Qin Jia Yuan board

Emmett Thomas and Lincoln Pan, respectively Hong Kong-based Partner and Director at Tokyo-headquartered private equity firm Advantage Partners, will be joining the board of the firm's PRC media investee, Qin Jia Yuan Media Services.

  • People
  • 09 July 2010
CITIC Capital aims for $340 million for second Japan fund

CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.

  • Fundraising
  • 02 July 2010
ORIX plans Tokyo Star investment, partnership

ORIX Corp., the Japanese investment and financial services firm, is investing JPY10 billion ($111 million) into Advantage Partners investee Tokyo Star Bank, alongside a plan to form a corporate turnaround arm at the bank.

  • North Asia
  • 25 June 2010
Japan, a Catch-22?
Japan, a Catch-22?

While Japan's estimated GDP growth sits at just 2.6%, China is forecasted to hit 9.6% growth in 2010.

  • North Asia
  • 22 June 2010
KKR seeks Intelligence in Japan

US private equity giant Kohlberg Kravis Roberts & Co outbid rival the Carlyle Group and local private equity player Advantage Partners to reach final round talks with Intelligence Ltd., a recruitment services subsidiary of Usen Corp, Japan’s wire broadcasting...

  • Media
  • 15 June 2010
KKR in final talks with USEN for Intelligence

US private equity giant Kohlberg Kravis Roberts & Co. has outbid global rival the Carlyle Group and local private equity player Advantage Partners to go into the final round for the acquisition of Japan's Intelligence Ltd., the recruitment services subsidiary...

  • Buyouts
  • 14 June 2010
Advantage moves into China with Qin Jia Yuan media deal

Tokyo-headquartered private equity firm Advantage Partners has made its first Chinese investment, committing HK$170 million ($21.8 million) to Qin Jia Yuan Media Services Co. Ltd. (QJY), an HKSE-listed media group.

  • Greater China
  • 02 June 2010
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