Buyout (LBO, MBO, MBI) • Consumer Services

Longreach Group Acquires Nobitel

On August 31, 2023, private equity firm Longreach Group acquired consumer services company Nobitel

Acquisition Context
  • This is Longreach Group’s 1st transaction in the Consumer Services sector.
  • This is Longreach Group’s 16th transaction in Japan.

Explore All 527 Buyout (LBO, MBO, MBI) Consumer Services Deals - Search the Database Free


M&A Deal Summary

Date August 31, 2023
Target Nobitel
Sector Consumer Services
Buyer(s) Longreach Group
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Nobitel

Tokyo, Japan
Nobitel operates its main business under the brand name “Dr.stretch”. The company offers one-on-one assisted stretch services at its own or franchisees’ outlet studios. Nobitel was founded in 1993 and is based in Tokyo, Japan.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 20 of 21
Sector: Consumer Services 1 of 1
Type: Buyout (LBO, MBO, MBI) 6 of 7
Country: Japan 16 of 17
Year: 2023 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Quasar

Hong Kong, China

Quasar is a contract development and manufacturing organization (“CDMO”) for bluechip medical device companies globally and an industry leader in the development and manufacturing of complex minimally invasive cardiovascular diagnostics and therapeutic catheters as well as other high-precision medical products and healthcare-related devices. Quasar was established in 1988 and is based in Hong Kong, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 J-CEP

Tokyo, Japan

J-CEP is an outsourcing staffing business group specialized in recruiting, training and deploying Construction Field Managers to construction sites in Japan.

Buy -