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HONG KONG, April 23 (Reuters) - Global private equity firm Bain Capital has closed its maiden Japan-focused fund, which will target mid-sized companies, at 110 billion yen ($1 billion), a person with direct knowledge told Reuters on Friday.
Bain, as manager of the fund, committed 10 billion yen to the total capital and will invest an additional 12.5 billion yen alongside the fund, the person said, declining to be identified as the information is not public.
The Boston-based investment firm will use the fund to target growth and buyout deals in the world’s third-largest economy, the person added.
Bain declined to comment. The fundraising was first reported by private equity information provider AVCJ.
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(Bloomberg) Bain Capital is expanding in Japan as competition intensifies among the world’s largest private-equity firms to win deals from businesses undertaking overhauls.The U.S. company increased its Tokyo headcount by 25% last year to more than 50 people, mainly by recruiting investment professionals, and is open to hiring more, Managing Director David Gross-Loh said. Bain put more than $2 billion into Japanese transactions during 2020, including a take-private deal by nursing-home provider Nichiigakkan Co.“While there is still uncertainty arising from the pandemic, we continue to see Japan as an extremely attractive investment destination,” Gross-Loh said by email.Carlyle Group Inc. and KKR & Co. have also been hiring in Tokyo as corporate Japan taps private equity firms to strengthen profit through measures such as divestments and management buyouts. Consumers’ changing behavior during the pandemic has only added to the pressure for companies to
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Bloomberg 2/8/2021 Takashi Nakamichi and Takako Taniguchi © Bloomberg The Sumida River flows through Tokyo, Japan, on Friday, Dec. 25, 2020. Japan s infrastructure is already one of the world’s safest and investment in mitigating natural disasters is ramping up.
(Bloomberg) Bain Capital is expanding in Japan as competition intensifies among the world’s largest private-equity firms to win deals from businesses undertaking overhauls.
The U.S. company increased its Tokyo headcount by 25% last year to more than 50 people, mainly by recruiting investment professionals, and is open to hiring more, Managing Director David Gross-Loh said. Bain put more than $2 billion into Japanese transactions during 2020, including a take-private deal by nursing-home provider Nichiigakkan Co.