Japan’s J-Star makes second sale in weeks with Apo Plus Station exit


Japanese buyout house J-Star has exited its stake in pharmaceutical sales and marketing company Apo Plus Station to strategic buyer Qol Medical.

The deal is the second exit for the mid-market firm in weeks following its sale of a stake in lifestyle marketing company Iki Iki to Noritsu Koki in early September.

J-Star focuses on companies with enterprise values ranging between about $40m and $125m, and has been investing since 2006.

It has been involved in 13 transactions in industries including consumer goods, business services, healthcare and manufacturing.

Earlier this year it tapped into the lucrative Japanese pet merchandise market by purchasing pet clothing retailer Three Arrows.

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