M&A Deal Summary

Longreach Group Acquires Wendy s First Kitchen

On June 1, 2016, private equity firm Longreach Group acquired restaurant Wendy s First Kitchen from Higa Industries

Acquisition Highlights
  • This is Longreach Group’s 2nd transaction in the Restaurants sector.
  • This is Longreach Group’s 9th transaction in Japan.

M&A Deal Summary
Date 2016-06-01
Target Wendy s First Kitchen
Sector Restaurants
Buyer(s) Longreach Group
Sellers(s) Higa Industries
Deal Type Divestiture

Target

Wendy s First Kitchen

Tokyo, Japan
Wendy's First Kitchen is a franchisee of The Wendy’s Company and will have exclusive rights to develop the Japanese market. The Wendy’s system includes approximately 6,500 franchise and company-operated restaurants in the United States and in 28 countries and U.S. territories worldwide. Wendy's First Kitchen is based in Tokyo, Japan.

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Buyer(S) 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 STATS #
Overall 11 of 21
Sector (Restaurants) 2 of 4
Type (Divestiture) 4 of 8
Country (Japan) 9 of 17
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Primo Japan

Tokyo, Japan

Primo Japan provides production and retail of semi-customized bridal jewelry, including engagement rings and wedding rings. The Company operates three brands, I-PRIMO, Lazare Diamond and SELEXIA, and has a total of 88 stores in Japan (76 stores), Taiwan (10 stores) and Hong Kong (2 stores). Primo Japan was established in 1999 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 NOC Outsourcing & Consulting

Tokyo, Japan

NOC Outsourcing & Consulting Co., Ltd. is a comprehensive business process outsourcing (“BPO”) company providing a wide range of BPO services to a diversified customer base. These services range from administrative support (e.g. general affairs, HR, accounting, finance and payroll) to back-office support (e.g. CRM, fulfillment and logistics). NOC was formed in 1997 and is based in Tokyo, Japan.

Buy -

Seller(S) 1

SELLER

Higa Industries

Tokyo, Japan
Category Company
Sector Food
DESCRIPTION

Higa Industries Co., Ltd. is a trading company specializing in the development of unique ingredients and marketing. The company deals with customers such as food manufacturing companies, restaurants and convenience stores. Higa Industries Co. is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
Country (Japan) 1 of 1
Year (2016) 1 of 1
Mergr

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