Japanese private equity firm Advantage Partners has acquired two education groups in Japan, Abitus Inc and Tokyo Central Japanese Language School (TCJ).
Abitus, founded in 1995, is a vocational education firm providing qualification training in various overseas certifications, such as the US Certified Public Accountant (CPA) and Certified Internal Auditor certifications, as well as an MBA programme accredited by the University of Massachusetts.
Meanwhile, TCJ was founded earlier in 1988 and operates Japanese language schools for foreigners and training for Japanese language teachers.
Advantage Partners said Toyoaki Miwa, founder of Abitus, remains as shareholder and board member of both companies.
“AP Funds believe that this group of companies possesses significant growth potential as a result of providing services that contribute the careers of global-oriented professionals who are anticipated to continue to rise in demand going forward,” the private equity firm said in a statement.
Abitus and TCJ are focused on the niche sectors in education with high barriers to entry but boasting ample prospects for future growth, it added.
Abitus has a strong relationship with the overseas certifying organisations that it provides accreditation for and offers a differentiated learning experience through small class sizes and study materials designed for mobile devices. TCJ also possesses inherent competitive advantages because of its strong relationships with overseas recruitment agents and reputation for its students’ high-level academic achievement.
Advantage Partners said it will work with the companies to accelerate their growth through initiatives including introducing adaptive learning techniques, enhancing the content offered and improving marketing initiatives.
The Japanese investor has continued its buying spree in 2019 year-to-date, having acquired Japanese staffing firm Material Group, Vietnamese women fashion retailer Elise and EKO Grp Industries, a Malaysian company specialising in aluminum and zinc die casting.