MBK Partners to sell elderly care provider Japan Well-being to Advent

- Asia-focused buyout firm MBK Partners said on Thursday it had agreed to sell elderly care service provider Japan Well-being to U.S. private equity firm Advent International for an undisclosed amount.

  • A person with knowledge said the deal value would total about 200 billion yen ($1.24 billion) including debt.

  • Japan Well-being owns Tsukui and Soyokaze, which together form one of Japan's largest home-care networks.

  • MBK Partners had acquired Tsukui in 2021, later establishing Japan Well-being as a holding company for Tsukui and Soyokaze.

  • Advent has a global track record of investments in pharmaceuticals, healthcare technology and nursing care services, MBK Partners said.

  • Japan's rapidly ageing population makes elder care a high-growth market, MBK Partners said.

($1 = 161.8100 yen)