CLSA’s Sunrise Capital picks majority stake in Japan-based Rise Consulting

A city view in Tokyo, Japan. Photo by Ryo Yoshitake on Unsplash.

Sunrise Capital III, a Japan-focused fund of pan-Asia investment firm CLSA Capital Partners, has acquired a majority stake in Tokyo-based specialist management and IT consulting firm Rise Consulting Group, according to a statement on December 28.

Founded in 2012, Rise Consulting offers services in the areas of business development and transformation, M&A and overseas expansion. Rise has approximately 100 consultants with plans to grow the practice further.

There will be no material changes to Rise Consulting Group’s business operations, the asset manager added.

CLSA Capital Partners anticipates that demand for consulting services will continue to increase as a result of the COVID-19 pandemic, while “resources remain limited across Japan.”

“This imbalance creates growth opportunities for solution providers with expertise in cutting-edge technology,” it said.

Sunrise Capital is a Japan-dedicated private equity mandate of CLSA Capital Partners, seeking opportunities in the mid-cap buyout sector. The strategy has raised about $1.5 billion to date and completed investments in approximately 30 companies including both standalone and follow-on investments since its establishment in 2006.

Sunrise III was closed at $400 million in 2017, followed by a fourth vehicle closed at $450 million in September last year. Meanwhile, the second Sunrise Capital fund recently exited outsourcing services company Qit Co after a three-year holding period.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.