M&A Deal Summary

C-United Acquires Kohikan

On April 1, 2021, C-United acquired restaurant Kohikan from Longreach Group

Acquisition Highlights
  • This is C-United’s 1st transaction in the Restaurants sector.
  • This is C-United’s 1st transaction in Japan.

M&A Deal Summary

Date 2021-04-01
Target Kohikan
Sector Restaurants
Buyer(s) C-United
Sellers(s) Longreach Group
Deal Type Merger

Target

Kohikan

Tokyo, Japan
Kohikan is a full-service coffee shop chain operating 277 stores all over Japan under the brand of “Kohikan”, “Café di Espresso Kohikan”, “Karakuan” and “Kakura”. Kohikan was formed in 1970 and based in Tokyo, Japan.

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Buyer(S) 1

Buyer

C-United

Tokyo, Japan

Category Company
Founded 1965
Sector Restaurants
Employees5,190
DESCRIPTION

C-United is a coffee shop chain brand, operating more than 190 stores across Japan mainly under the brand of “Caffè Veloce”, a self-service style cafe. C-United was established in 1965 and is based in Tokyo, japan.


DEAL STATS #
Overall 1 of 2
Sector: Restaurants M&A 1 of 2
Type: Merger M&A Deals 1 of 1
Country: Japan M&A 1 of 2
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Pokka Create

Tokyo, Japan

Pokka Create is an operator of self-service coffee shop chains in Japan, with 201 stores (at the acquisition) mainly under the brand “CAFÉ de CRIÉ”. Pokka Create is based in Tokyo, Japan.

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Seller(S) 1

SELLER

Longreach Group

Tokyo, Japan

Category Private Equity Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Longreach Group is an independent private equity firm focused on opportunities in Japan and North Asia. The Firm looks to invest as a control or minority investor in businesses operating in the technology, industrial, financial services, business services, and consumer-related sectors. Longreach targets transactions valued from $50 million to $1 billion where the Firm can invest from $30 million to $200 million. The Longreach Group was formed in 2003 and has offices in Tokyo and Hong Kong.


DEAL STATS #
Overall 8 of 9
Sector: Restaurants M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Japan M&A 8 of 8
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Via Mechanics

Kanagawa-ken, Japan

Via Mechanics is a manufacturer of micro-drilling machines for printed circuit boards (PCBs) and provides global customers with a range of products including spindle drilling machines, laser drilling machines, and pattern edging lithography equipment (exposure machines). Via Mechanics was founded in 1968 and is based in Kanagawa-ken, Japan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 Amazon Papyrus Chemicals

Kowloon, China

Amazon Papyrus Chemicals is a chemical solution provider to the pulp and paper industry across Asia. Amazon Papyrus Chemicals was founded in 2000 and is based in Kowloon, Hong Kong.

Buy -