M&A Deal Summary

New Horizon Capital Co. Acquires Foodplus Holdings

On February 9, 2024, private equity firm New Horizon Capital Co. acquired restaurant Foodplus Holdings

Acquisition Highlights
  • This is New Horizon Capital Co.’s 1st transaction in the Restaurants sector.
  • This is New Horizon Capital Co.’s 32nd transaction in Japan.

M&A Deal Summary

Date 2024-02-09
Target Foodplus Holdings
Sector Restaurants
Buyer(s) New Horizon Capital Co.
Deal Type Buyout (LBO, MBO, MBI)

Target

Foodplus Holdings

Fukuoka, Japan
Foodplus Holdings is an operator of a Japanese restaurant business. It operates brands including the Japanese restaurant Shoya and the set meal restaurant Hyakusai Shun, and is one of the best-known Japanese food chains in the Kyushu area. Foodplus Holdings was founded in 1971 ad is based in Fukuoka, Japan.

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Buyer(S) 1

DESCRIPTION

New Horizon Capital is a private equity fund targeting small to mid-sized buyouts, carve-outs, growth capital financings, and restructurings in Japan. The Firm does not have any sector preferences and looks to acquire majority positions when pursuing transactions. New Horizon Capital is headquartered in Tokyo.


DEAL STATS #
Overall 32 of 35
Sector: Restaurants M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 9
Country: Japan M&A 32 of 35
Year: 2024 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 Daisho

Nagahama-shi, Japan

Daisho has engaged in slope stabilization work, contributing to the creation of safe and secure infrastructure in local communities and the maintenance of socioeconomic systems. The company has also built a system, that provides high quality services at reasonable costs and with short delivery times. Daisho was founded in 2002 and is based in Nagahama-shi, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Daiichi Machinery Works

Nagasaki City, Japan

Daiichi Machinery Works is involved in the delivery and installation of air conditioners, fridge freezers, power generators, and other equipment, with major general contractors as its main customers. Daiichi Machinery Works was founded in 1998 and is based in Nagasaki City, Japan.

Buy -