Japan: J-STAR exits Three Arrows; Airbus Ventures leads $7.3m funding in Infostellar

Japanese private equity firm J-STAR has transferred its entire stake in Three Arrows, which provides retail products for pets, to Creation Capital – its co-investor in the initial funding. Meanwhile, Airbus Ventures has led a $7.3 million series A financing for space communication startup Infostellar.

J-STAR exits pet services provider Three Arrows to co-investor

Japanese alternative asset manager J-STAR, through its J-STAR No 2 Investment Limited Partnership has completed the divestment from pet services firm Three Arrows to Tokyo-based Creation Capital, its original co-investor in Three Arrows.

Financial details of the deal were not disclosed. J-STAR said it acquired all issued shares of the pet merchandise company in April 2012.

 J-STAR is involved in private equity investments and investment support, targeting at corporate value enhancement via acquiring management rights.

The firm focuses on companies with a corporate value ranging from 3 billion yen to 10 billion yen. J-STAR has, to date, invested and/or provided business supports in more than 37 transactions in various industries such as consumer durables, services, healthcare, media and manufacturing.

Other pet services firms that the company has supported include JVCC, Fuji Field and VIS Corporation.

Creation Capital Co Ltd was established in 1991, specializing in buyout investments in East Asia and China.

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Japanese PE J-Star acquires pet services firm Fuji Field

Airbus Ventures leads $7.3m series A funding for Infostellar

Cloud-based satellite antenna sharing platform Infostellar has raised a $7.3 million Series A investment led by Airbus Ventures, to help it launch the flagship product, StellaStation, as well as expand its network of partner antennas and hire more talent.

WERU Investment, D4V, Sony Innovation Fund, and existing investors FreakOut Holdings and 500 Startups Japan also participated in the round.

Upon closing the funding, Lewis Pinault, managing investment partner of Airbus Ventures in Japan, will join the company board.

This is Airbus Ventures’ maiden investment in Japan. Infostellar was founded in 2016 and is based in Tokyo. The beta launch of StellarStation is slated for October 2017.

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