<article><a style="color: #000080;" href="https://www.dealstreetasia.com/tag/clsa-capital-partners/">CLSA Capital Partners</a>’ Japan-focused fund, Sunrise Capital III, has acquired 100 per cent shares of Tokyo-based coin parking lot operator Ecolocity for an undisclosed sum.</article>

<a style="color: #000080;" href="https://www.dealstreetasia.com/tag/clsa-capital-partners/">CLSA Capital Partners</a>’ Japan-focused fund, Sunrise Capital III, has acquired 100 per cent shares of Tokyo-based coin parking lot operator Ecolocity for an undisclosed sum.
The transaction was completed on December 19, 2018, the Asia private equity firm said in a statement.
Masaru Inoue, Ecolocity’s president and CEO, will continue to manage the business following the acquisition. There will be no material changes to the company’s business operations, CLSA added.
Established in 1996, Ecolocity operates and manages time-charge coin parking lots under the Ecolopark brand, as well as monthly contracted parking lots. As of December 2018, the company manages approximately 3,500 coin parking lots nationwide, with a strong footprint in the Greater Tokyo area.
CLSA said, there were considerable growth opportunities in the coin parking lot industry in Japan. “Demand for time-charge coin parking lots is expected to remain strong since they are an important aspect of transport infrastructure for drivers, especially in the Greater Tokyo area.”
Ecolocity had achieved strong growth by maximizing its steady parking lot location acquisition and development capabilities, the fund manager said.
Sunrise Capital, CLSA Capital Partners’ dedicated investment strategy for Japan, has raised approximately $1 billion to date and completed investments in 17 companies since its establishment in 2006.
Sunrise III closed at its hard cap of $400 million in April 2017. It invests in mid-cap opportunities with strong growth potential in Japan.
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CLSA Capital Partners’ Japan-focused fund, Sunrise Capital III, has acquired 100 per cent shares of Tokyo-based coin parking lot operator Ecolocity for an undisclosed sum.

CLSA Capital's Japan-focused fund acquires parking lot operator Ecolocity

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CLSA Capital's Japan-focused fund acquires parking lot operator Ecolocity

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