Tuesday, 26 May 2015
Last updated 3 days ago
Sep 11 2008 | 11:32am ET
Advent International has raised ¥60 billion (US$550 million) for its first Japanese private equity fund. Investors in the Advent Japan Private Equity Fund include leading institutions from Japan, North America, Europe and Asia.
JPEF will target investments in healthcare, industrial, retail, and support services companies with enterprise values ranging from ¥5 billion ($45 million) to ¥50 billion ($450 million), but will have the flexibility to invest in larger transactions through selected co-investment with other Advent funds.
”Not only has the private equity industry in Japan shifted from its initial focus on distressed situations and balance sheet restructuring to real, operationally-led value creation, but Japanese businesses have fundamentally embraced the need for enhanced global competitiveness in order to achieve long-term profit growth,” said John Singer, managing partner.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…