<article>Japanese private equity firm <a href="https://www.dealstreetasia.com/tag/polaris-capital/">Polaris Capital</a> is exiting its timber portfolio company Hivic to Yamae Hisano in a 8.55 billion yen ($77.3 million) deal.</article>

Japanese private equity firm <a href="https://www.dealstreetasia.com/tag/polaris-capital/">Polaris Capital</a> is exiting its timber portfolio company Hivic to Yamae Hisano in a 8.55 billion yen ($77.3 million) deal.
The transaction is expected to complete by the end of March.
Yamae Hisano is a wholesale food company with operations in housing materials. The company said, the acquisition will enable it achieve further growth, particularly in the Kanto region.
With food and construction materials being its major pillars, adding Hivic as a subsidiary will strengthen its operation of delivering secure and comfortable living services, Yamae Hisano said.
Polaris Capital acquired 100 per cent stake in Hivic in a carve-out deal in 2016. Its third flagship fund held 75.2 per cent in the company while Tiara CG Private Equity Fund 2013, a vehicle advised by Polaris, owned the remaining 24.8 per cent.
Yamae Hisano has 29 subsidiaries engaged in the processed food, frozen food, grains, alcoholic beverages, feed, timber and construction materials sectors. The firm, founded in 1950, is listed on Fukuoka Stock Exchange.
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Japanese private equity firm Polaris Capital is exiting its timber portfolio company Hivic to Yamae Hisano in a 8.55 billion yen ($77.3 million) deal.

Japan's Polaris Capital exits timber firm Hivic in $77.3m deal

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Japan's Polaris Capital exits timber firm Hivic in $77.3m deal

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