<article>Japanese private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=j-star">J-STAR</a> announced the latest investment from its third vehicle and the final exit of its portfolio company from its debut fund.</article>

Japanese private equity firm <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=j-star">J-STAR</a> announced the latest investment from its third vehicle and the final exit of its portfolio company from its debut fund.
<h3>J-STAR acquires Japanese restaurants operator</h3>
Irohanihoheto Co, a special purpose company of J-STAR No.3 fund, has acquired Tokyo-based restaurant chains operator <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Echigoya">Echigoya</a> for an undisclosed sum, according to an announcement today.
Irohanihoheto will operate as the holding company of Echigoya going forward, it said.
Echigoya, founded in 2005 and led by President Kazuhiro Ebato, has developed various restaurants brands including Echigoya (charcoal-grilled dried fish izakaya restaurants), Shinpachi Shokudo (fast casual restaurants), Yamatoya (fresh fish restaurants), Jiromaru (Korean BBQ) and POTA PASTA (homemade pasta restaurants).
The fund said Ebato will continue leading the business development as well as the restaurant expansion.
&#8220;Through our capital commitment to the company, we are going to provide support for Echigoya, which aims for further growth by capturing demand for the casual eating-out market in Japan and acceleration of the franchise strategy,&#8221; it said.
The private equity firm focuses on companies with a corporate value ranging from 3 billion yen ($26.7 million) to 10 billion yen ($88.8 million). It closed the third fund in May this year with an aggregate capital commitment of 32.5 billion yen. Since its founding in 2006, J-STAR has invested in more than 42 transactions in various industries such as consumer durables, services, healthcare, media and manufacturing.
<h3>J-STAR exits Taiheiyo Holding</h3>
J-STAR No.1 Investment Limited Partnership has sold all its shares in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Taiheiyo+Holding">Taiheiyo Holding</a> to Japanese textile manufacturer TKY K.K. for about $28 million, marking its last portfolio exit from its first buyout fund.
J-STAR No.1 Investment fund was launched in 2006 and was capitalized at 12 billion yen ($106.5 million). It acquired a majority shareholding in Taiheiyo in April 2011.
Taiheiyo manufactures construction and mining machinery components and hydraulic mechanism parts for hydraulic excavator at factories in Japan and China. It sells them to the manufacturers of finished products.
Established in 1927, TKY has been manufacturing high-end Japanese textiles and clothing items.  It is one of the companies in Takitai Group which is a traditional and prestigious corporation in Niigata.
BDA Partners K.K. and Sumitomo Mitsui Trust Bank were financial advisors and Baker &amp; McKenzie acted as the legal advisor for this deal.
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<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/japan-j-star-exits-three-arrows-airbus-ventures-leads-7-3m-funding-infostellar-82270/">Japan: J-STAR exits Three Arrows; Airbus Ventures leads $7.3m funding in Infostellar</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/j-star-purchases-japanese-cosmetic-producer-sun-smile-81602/">Asia Digest: J-STAR buys Tokyo’s Sun Smile; Mercury Capital acquires Nirvana Health</a>

Japanese private equity firm J-STAR announced the latest investment from its third vehicle and the final exit of its portfolio company from its debut fund.

Japan: PE firm J-STAR acquires Echigoya, exits Taiheiyo Holding

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Japan: PE firm J-STAR acquires Echigoya, exits Taiheiyo Holding

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