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

TOKYO, June 25 (Reuters) - 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)


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.