M&A Deal Summary

Star Asia Group Acquires Minacia

On May 9, 2024, Star Asia Group acquired leisure company Minacia from Unison Capital

Acquisition Highlights
  • This is Star Asia Group’s 1st transaction in the Leisure sector.
  • This is Star Asia Group’s 1st transaction in Japan.

M&A Deal Summary
Date 2024-05-09
Target Minacia
Sector Leisure
Buyer(s) Star Asia Group
Sellers(s) Unison Capital
Deal Type Add-on Acquisition

Target

Minacia

Chiyoda-Ku, Japan
Minacia is a hotel and restaurant chain operator. Minacia operates limited-service hotels and restaurants across Japan. Minacia was founded in 2001 and is based in Chiyoda-Ku, Japan.

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Buyer(S) 1

Buyer

Star Asia Group

Tokyo, Japan
Category Company
Founded 2006
Sector Real Estate
DESCRIPTION

Star Asia is a privately held, independent investment management group that primarily invests in Japanese real estate-related assets, with the primary objective of providing superior returns to investors. Star Asia Group was founded in 2006 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Japan) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Unison Capital

Tokyo, Japan

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 3.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Unison Capital is a private equity investment firm focused on control investments in mid-cap companies operating in Japan, Korea, and Singapore. Target transaction situations include growth support, business successions, corporate carve-outs, buyouts, and restructurings. Unison is a generalist investor, however the Firm has a preference for opportunities in the retail, niche manufacturing, and healthcare sectors. Unison Capital was formed in 1998 and has offices in Tokyo, Seoul, and Singapore.

DEAL STATS #
Overall 19 of 19
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Japan) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Kids

Utsunomiya-shi, Japan

Kids Corporation is a childcare service company which operates 213 outsourced hospital/corporate onsite daycare facilities nationwide and 21 government-licensed nurseries primarily in Tokyo, while e-CHANNEL operates “Hoiku-is”, a childcare worker information portal site, and “Hoiten Search”, a HR service provider site. Furthermore, subsidiaries of Kids Corporation Holdings run childcare services in China and Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-07 Kurumeshi

Tokyo, Japan

Kurumeshi provides platform-based services “Kurumeshi Bento” and “Chef Colle” that connect member restaurants and bento shops with consolidated boxed lunch and catering needs of corporate/institutional clients through an EC mall platform, providing support in product development, ordering, payment, and delivery. Kurumeshi was formed in 2010 and is based in Tokyo.

Buy -
Mergr

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