Japan
Hynix joins bid for Toshiba's memory chip unit as PE firms circle
South Korean memory chip manufacturer SK Hynix has joined a group that is bidding for Toshiba’s Nand flash memory business amid reports that Bain Capital has submitted an offer of $10 billion for the asset.
SoftBank achieves $93b first close on global tech fund
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
Japanese digital marketing player receives $28m
From Scratch, a Japanese digital marketing platform, has raised approximately JPY3.2 billion ($28.4 million) in funding from Innovation Network Corporation of Japan (INCJ) and Rakuten Ventures, as well as several existing investors.
J-Star acquires Japan tutoring business
J-Star has purchased the tutoring businesses of Japan’s Alpha Corporation for an undisclosed amount.
Endeavour United to buy Pizza Hut Japan
Endeavour United, a GP established by the team behind turnaround investor Phoenix Capital, has agreed to buy Pizza Hut Japan and Phoenix Foods from Mitsubishi Corporation-controlled KFC Holdings Japan.
Japan fundraising: Middle market momentum
Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?
CLSA closes third Japan fund at $400m hard cap
CLSA Capital Partners (CLSA CP) has become the seventh private equity firm to close a Japanese mid-market fund since the start of the year, hitting the hard cap of $400 million for its third vehicle.
Japan's Orix to acquire 22% of PE-backed Ormat
Japanese financial services group Orix Corp. has agreed to buy a 22.1% stake in Israeli geothermal energy producer Ormat Technologies for $627 million from an investor group led by PE firm FIMI Opportunity Funds.
Polaris closes fourth Japan fund on $665m
Polaris Capital Group has hit the hard cap of JPY75 billion ($665 million) for its fourth Japan fund, becoming the third Japanese mid-market GP to announce a final close in the space of a week, and the sixth since the start of the year.
CVC appoints Sumitomo Mitsui executive as Japan president
CVC Capital partners has named Nobuaki Kurumatani, a former executive at Sumitomo Mitsui Financial Group, as the president of its Japan operations.
Advantage closes fifth Japan fund at $535m
Advantage Partners has reached a final close on its fifth Japan-focused mid-market buyout fund at the hard cap of JPY60 billion ($535 million).
J-Star raises $291m for third Japan fund
J-Star has closed its third Japan-focused buyout fund at the hard cap of JPY32.5 billion ($291 million), having launched the vehicle last summer with a target of JPY30 billion.
HQ exits vehicle parts supplier to Japan's Hitachi Chemical
HQ Equita, a Germany-based mid-market buyout firm controlled by HQ Capital, has agreed the sale of transportation industry supplier Isolite to Japan’s Hitachi Chemical.
NSSK acquires Japanese publishing group
Japanese private equity firm NSSK has acquired Bunkasha Publishing, a domestic media group focused on manga comics in both print and digital formats.
KKR, JIP seek $2.3b buyout of Japan's Hitachi Kokusai Electric
KKR has announced its third tender offer for a Japanese company in six months, teaming up with Japan Industrial Partners (JIP) and Hitachi on a JPY257.1 billion ($2.3 billion) bid for Hitachi Kokusai Electric.
New Horizon acquires Japan firefighting business
New Horizon Capital has agreed to acquire the firefighting equipment business of Japanese manufacturing firm IHI Shibaura Machinery Corporation (ISM).
CITIC Capital to exit Japanese chemicals manufacturer
CITIC Capital has agreed to exit 100% of Japanese chemicals manufacturer Polymatech to two domestic strategics.
Integral closes third Japan mid-market fund at $670m
Integral Group has closed its third Japan mid-market buyout fund at the hard cap of JPY73 billion ($670 million), with domestic LPs accounting for approximately three quarters of the corpus.
Japan's Kobe Steel buys Quintus from Milestone
US private equity firm Milestone Partners has exited its controlling stake in Sweden and US-based industrial equipment company Quintus Technologies to Japan’s Kobe Steel.
Japan's GPIF makes call for alternatives managers
Japan’s Government Pension Investment Fund (GPIF) has made its first call for applications from alternatives managers, with a view to backing fund-of-funds across private equity, infrastructure and real estate.
VC-backed real estate start-up gets $11.7m from Mitsui
Mitsui & Co has agreed to invest JPY1.3 billion ($11.7 million) in Renoveru, a VC-backed start-up focused on online services in Japan’s home renovations market.
Japan's Tokio Marine closes Fund V at $466m
Tokio Marine Capital has reached a final close of JPY51.7 billion ($466 million) on its fifth Japan mid-market fund on the back of strong support from domestic LPs, notably regional banks.
Deal focus: GSSG sharpens focus on Japan solar
A turnaround in Japanese government policy on solar power is responsible for a renaissance in the renewables space. GSSG Solar has earmarked its entire corpus of its $120 million second fund for deployment in the country
J-Star acquires Japan pet services company
J-Star has bought Japanese veterinarian services company Fuji Field for an undisclosed sum as part of a pet clinic consolidation strategy.