Tokachi manufactures and sells Japanese sweets across 26 stores in southern Saitama under the Tokachi Amanatou Honpo and nine stores in Tokyo under the Kashin-tachibana brand.
“After a careful consideration, we came to a conclusion that synergy between Mediaflag’ operational/marketing knowledge and brand-power of Tokachi & Tachibana will help expansion of their product mix and further enhance Tokachi’s value,” J-Star said in a statement.
Earlier this month the Japanese firm secured a majority stake in Primagest, which develops, manufactures, and sells hardware and software to provide image information processing services.
J-Star is currently investing from its second fund, which was closed with commitments of JPY11.86bn ($119m) from domestic and international institutional investors in July this year.
The firm aims to invest in over ten companies with deal size between JPY1bn to JPY10bn.
Copyright © 2013 AltAssets