Carlyle Group invests in Japanese bean sprout producer Kyushu GGC

Photo: Reuters

Carlyle Group, has invested in GGC Group, the owner of Kyushu GGC Ltd., known for best-selling bean sprout brand “Meisui Bijin”, through a strategic business and capital alliance.

Equity for the transaction came from Carlyle Japan Partners III, L.P., an investment fund advised by Carlyle Japan L.L.C.

Kyushu GGC is noted as a market leader of the bean sprout market in western Japan, with its main brand – Meisui Bijin – claimed to be the best-selling bean sprout brand in Japan.

Carlyle will leverage its experience in the commodities sector to help GGC Group expand its presence in the fast-growing pre-cut vegetable market in Japan, as well as build a strong business operation in preparation for overseas expansion.

Kazuhiro Yamada, the managing director of Carlyle Japan, explained: “Bean sprouts are among the most popular items at supermarkets in Japan after milk and eggs, and have long been an essential ingredient in Japanese cuisine. With natural water resources and advanced production technologies and supply chain management, GGC Group is known for manufacturing safe and high-quality bean sprouts.”

Carlyle’s Japan buyout funds, which have made more than 20 investments in Japan, have a track record of supporting Japanese mid-cap companies’ overseas business expansion, enhancing their operational efficiency and strengthening their management infrastructure.

Yamada observed that the investment will enable GGC Group to strengthen its presence and drive expansion outside of Japan into overseas markets.

The current management members of GGC Group, led by president and representative director Katsukiyo Mizumoto, will continue to run the business. Mizumoto said, “Having established a strong market position in western Japan, we are looking to further grow and develop our pre-cut vegetable business in Japan and expand our footprint globally.”

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.