FMI founder Takeo Kimoto is set to re-invest in the company following the sale and will remain as the CEO.
The company provides kitchenware products and services to a range of Japanese business such as hotels, restaurants, cafes and confectionery producers.
FMI imports goods from Europe and the US as well as selling its own brand items.
Advantage said it intends to establish FMI as the leading player in the sector and maximise the company’s value by strengthening the management platform and introducing sustainable growth strategies.
Last year Advantage agreed to sell its stake in coffee shop chain operator Komeda to South Korean private equity firm MBK Partners.
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