NSSK
Japanese GPs maintain strong investment pace - AVCJ Forum
Deployment remains robust in Japan’s mid-cap space with private equity firms continuing to see plentiful opportunities in carve-outs and founder-succession situations, the AVCJ Private Equity & Venture Forum Japan 2023 heard.
Labour shortages: Tales from north and south
Australia and Japan are facing extreme labour shortages. In the former, GPs can survive on policy support and emergency manoeuvres. In the latter, fundamental strategy shifts are a more immediate imperative
NSSK exits Japan nursing care provider to Ricoh Leasing
Japan-based mid-market private equity firm NSSK has exited nursing care provider Welfare Suzuran to Ricoh Leasing, a Tokyo-listed leasing and finance company, for an undisclosed sum.
Deal focus: NSSK builds out drugstore empire
NSSK found a rare succession-driven special situations deal in Japan’s prosperous healthcare space with pharmacy operator Kraft. It is the eight-year-old private equity firm’s largest deal to date
Japan's NSSK buys Sakura pharmacy chain
Japanese middle-market private equity firm NSSK has acquired 100% of Kraft, a local pharmacy chain that operates under the Sakura brand, for an undisclosed sum.
Japanese GPs should target incremental gains on ESG - AVCJ Forum
Japanese private equity firms should be very targeted in implementing environment, social, and governance (ESG) policies at the portfolio company level even if the payoffs are small and accumulate over time, the AVCJ Japan Forum heard.
Activists, growth equity among Japan deal drivers - AVCJ Forum
Private equity deal flow in Japan is likely to increase in the coming years, spurred by factors ranging from activist investors to the rise of growth equity, industry participants told the AVCJ Japan Forum.
Japan digitization: Easy targets, hard to hit
Japan’s massive mid-sized business sector is still trading in its fax machines for the cloud, sometimes willingly, sometimes begrudgingly. PE’s help is most needed in terms of mindset
NSSK buys Japan power components manufacturer
NSSK has agreed to acquire the power transmission components division of Fujikura, a listed Japanese electrical equipment manufacturer.
ESG & operations: Compliance corner
Few mid-market private equity firms in Asia have dedicated ESG personnel and this is not necessarily an obstacle to progress. As compliance and reporting burdens increase, the status quo may change
COOs in Asia private equity: Horses for courses
The COO role is gradually becoming more prevalent in Asian private equity, but GPs struggle to find the right combination of financial skills and business acumen. The optimal candidate is often internal
GP longevity requires careful recruiting – AVCJ Forum
Culture, patience, personality, and complementary skills are key team-building considerations for private equity firms seeking longevity and sustainability, investors told the AVCJ Forum.
Japan fundraising: Middle-market machine
Buoyed by strong macro fundamentals and robust returns, Japan’s buyout managers continue to attract capital while most other strategies across Asia struggle. Will this popularity be sustained?
Deal focus: NSSK completes digital transformation
Converting Bunkasha Publishing's library of manga library from paper to digital form was a priority for NSSK. New owner Beaglee will now plug this content into its online distribution platform
NSSK sells Japanese manga publisher
NSSK has sold Bunkasha Publishing, a Japanese media group focused on manga comics in both print and digital formats, to local internet content provider Beaglee.
NSSK buys Japanese sports nutrition business
NSSK has acquired the sports nutrition division of Japan’s Dome Corporation, which is best known as the local distributor for US sportswear brand Under Armour.
Coronavirus & due diligence: Split screen
Finding the right balance between offline and online communication for completing due diligence processes is a tricky endeavor for PE and VC investment professionals in Asia
Japan carve-outs: Profit from the core
Private equity firms hoping for a coronavirus-driven uptick on Japanese corporate carve-outs must be patient – and come armed with considered value creation plans when the time arrives
Deal focus: Counterintuition pays off for NSSK
Japanese mid-market buyout firm NSSK has executed a partial exit of Vati, a small but strong performer in the country’s competitive nursing care space
NSSK sells Japan nursing care business
Japanese mid-market buyout firm NSSK has secured a partial exit from nursing care provider Vati through a sale of the business to an investor group that includes Neuberger Berman.
Japan middle market: Going local
Private equity firms looking for an edge in Japan’s middle market are leveraging relationships with brokers and banks – including LPs in their funds – to access company founders in the hinterlands
Culture is key to a sustainable spin-out - AVCJ Forum
Making a private equity spin-out work is as much about cultivating a transparent culture within the team as identifying an underserved market segment, industry participants told the AVCJ USA Forum.
Japan PE fundraising: Upsizing
Japanese private equity firms are looking to raise larger funds, based on what is described as a blossoming investment opportunity. Do they risk biting off more than they can chew?