Section Eight has developed a casual dining restaurant called “Aisekiya” and stylish standing bar restaurant called “The Public stand”. Both restaurants have designed the system to encounter group customers, who remain single.
The 2015 Population Census pointed that there were 19 million unmarried people in Japan within the age demographic from 20’s to 40’s and more than half of them did not have an intimate relationship.
“Section Eight’s business model plays an important role to meet social needs. Therefore, together with the management team of Section Eight, we intend to strengthen a business model of Aiseki-ya and support The Public stand businesses to grow further,” said J-Star.
Along with the investment, Takayuki Yasuda, a former CEO for Komeda Co, has joined the board of Section Eight.
Nagashima Ohno & Tsunematsu, Aqua Corporate Advisory, and Teapot Inc were appointed for the execution of the transaction.
J-Star closed its third fund last May with an aggregate capital commitment of 32.5 billion yen. Since its founding in 2006, it has invested in more than 42 transactions and has $300 million of assets under management.