M&A Deal Summary

Polaris Capital Group Acquires Welloff

On May 6, 2022, private equity firm Polaris Capital Group acquired consumer services company Welloff

Acquisition Highlights
  • This is Polaris Capital Group’s 5th transaction in the Consumer Services sector.
  • This is Polaris Capital Group’s 27th transaction in Japan.

M&A Deal Summary

Date 2022-05-06
Target Welloff
Sector Consumer Services
Buyer(s) Polaris Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Welloff

Saitama City, Japan
website
Welloff Group operates a serviced elderly housing business (also termed as “Sakouju”) under the "Eclasia" brand, provides nursing care and medical-related services such as outpatient daycare and home-visit daycare, home care support and home-visit nursing and medical care, and operates dispensing pharmacies and a dental clinic. Welloff was formed in 2014 and is based in Saitama City, Japan.

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Buyer(S) 1

DESCRIPTION

Polaris Capital Group is a private equity firm focused on mid-sized opportunities throughout Japan. Polaris generally seeks manufacturing companies with competitive technologies/processes, but the Firm will also consider consumer goods, retail, logistics and other service based businesses possessing strong brands or unique business models with potential to expand. Prospective transaction situations of interest include business successions and corporate carve-outs. Polaris Capital Group was formed in 2004 and is headquartered in Tokyo.


DEAL STATS #
Overall 28 of 31
Sector (Consumer Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 12 of 15
Country (Japan) 27 of 30
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Hitowa

Tokyo, Japan

Hitowa is a corporate group with a nursing care business that operates nursing care homes for the elderly under the Irise brand, a franchise business that mainly provides house cleaning services under the Osoji Honpo brand, and a childcare business that operates licensed nurseries under the Taiyono-ko brand. Hitowa is based in Tokyo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 social inclu

Tokyo, Japan

social inclu operates all-day group homes for people with disabilities (“all-day GH”). While the demand for all-day GH has risen due to the aging of caregiving family members and an increasing number of dual-income households etc., the shortage of suitable group homes continues, and only less than 1% of people with severe disabilities in Japan live in an all-day GH. Social inclu is the only company that operates all-day GH at a nationwide level, and believes that the company can grow its business even further by leveraging its group home operation expertise and expanding the number of its all-day GH. social inclu was formed in 2017 and is based in Tokyo.

Buy -