--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
A private equity subsidiary of Japanese holdings giant Nomura has agreed to exit its investment in SXL, the custom house builder, by selling on its 40 per cent stake.
According to news reports, Tokyo-based Unified Partners acquired the holding in 2005 and plans to sell to Yamada Denki, a major electronics and home appliance retailer, which recently launched a tender offer of ¥65 ($0.85) per share for the company.
SXL builds single-family houses, condominiums, apartments, and custom-built wooden homes. It also operates real estate leasing, resort hotels and land finance businesses.
The company reported revenues for the full year 2011 of ¥39.6B ($516m), 11.8 per cent lower than the same period last year.
In March this year, Nomura exited its stake in Japanese precision bearings parts manufacturer Tsubaki Nakashima to Carlyle Group.
Copyright © 2011 AltAssets
Japanese private equity investor J-Star has acquired a majority stake in home care provider HCM for an undisclosed sum.
Founded in 2002, the company supplies in-home care, nursing home and housekeeping services for the elderly under the motto, “Delivering a lifestyle of freedom, abundance, and fun.”
The company has 1,245 employees across 62 in-home locations and one nursing care home.
J-Star said its stake came from shares in HCM previously held by financial institutions and other non-employee shareholders. The company’s ownership structure has been re-vamped so that management and employees hold a larger stake, on the basis that this will enhance the development of the business.
As well as expanding its existing business, HCM plans to develop other services for the elderly and is “seriously considering” mergers and acquisitions and overseas expansion.
Japan has one of the world’s highest ratios of elderly citizens, with one retiree for every three working age adults, according to data from the World Bank.
J-Star, which was founded in 2006, has made ten investments in companies with enterprise values between JPY3bn ($37m) and JPY10bn ($122m) in the consumer, business services, healthcare and manufacturing sectors.
Aozora Bank has provided financing for the HCM acquisition.
Copyright © 2011 AltAssets
Japan has risen to the forefront of countries developing environmental technologies, says the IVCJ. In this article, Harel-Hertz Investment House’s Manager of Business Development, Liron Neugarten, and Market Research Specialist, Reut Harari, examine the moves being made in Japan toward growing the clean technology market.
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