Advent Raises $550M For First Japan Buyout Fund

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.

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