Tasaki & Co., a leading Japanese jewelry producer known for its pearls, has been acquired by two investment funds in a deal valued at approximately 100 billion yen ($665 million). The acquisition was made by Asia-focused private equity firm FountainVest Partners and Japan’s Unison Capital, with the exception of shares held by Tasaki’s management.
In a statement, Tasaki expressed its intention to continue pursuing its global expansion strategy and drive further growth with the support of the new investors. The company previously sold to MBK Partners, another private equity firm, for 31.5 billion yen in 2017, at which point it was delisted from the stock market.
Tasaki operates around 30 stores in Japan and has expanded its presence in international markets, including China, France, and the United Kingdom.
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