<article>Tokyo-based private equity firm <a href="https://www.dealstreetasia.com/?s=J-STAR" target="_blank" rel="noopener noreferrer">J-STAR</a> has offered an undisclosed amount to buy the tutoring business of Japan’s <a href="https://www.dealstreetasia.com/?s=Alpha+Corporation" target="_blank" rel="noopener noreferrer">Alpha Corporation</a>, the company <a href="http://www.j-star.co.jp/en/2017/05/20170515eng.html" target="_blank" rel="noopener noreferrer">announced</a> on May 15.</article>

Tokyo-based private equity firm <a href="https://www.dealstreetasia.com/?s=J-STAR" target="_blank" rel="noopener noreferrer">J-STAR</a> has offered an undisclosed amount to buy the tutoring business of Japan’s <a href="https://www.dealstreetasia.com/?s=Alpha+Corporation" target="_blank" rel="noopener noreferrer">Alpha Corporation</a>, the company <a href="http://www.j-star.co.jp/en/2017/05/20170515eng.html" target="_blank" rel="noopener noreferrer">announced</a> on May 15.
The company has 16 private centers and a nationwide home tutoring service under operation.
The deal has been conducted through a portfolio company of J-STAR No.3 SS, LP.
Alpha Corporation provides a one-to-one 100 per cent private tutoring services by professional tutors, tapping into the needs of the education industry in Japan, which is said to have a shrinking market due to the declining birth rate.
With this deal, the mid-market focussed J-STAR will have a presence in the tutoring business, which is outside its sector focus areas such as the healthcare, information technology, manufacturing, media, transportation, retail and financial services in Japan.
“We will support Alpha Corp&#8217;s to establish its business model in order to solve social issues by providing home study support services,” as per the J-STAR announcement.
Children in Japan are said to study less at home due to lack of social connections, diversifying life-styles, more women in the workforce and less family members.
It is expected that the buyout will also fall under J-STAR’s normal ticket size of between JPY1 billion and JPY3 billion.
Its recent buyout was <a href="https://www.dealstreetasia.com/?s=Fuji+Field" target="_blank" rel="noopener noreferrer">Fuji Field</a>, a pet service business which operates vet clinics and pet salons. They have obtained a 100 percent share acquisition excluding treasury stocks.
This month, J-STAR closed its third PE fund with a corpus of $290 million, exceeding their targeted amount of $267 million.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/japan-j-star-fuji-field-69633/">Japanese PE J-Start acquires pet services firm Fuji Field</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/71786-71786/">Japan: PE firm J-Star exceeds third fund target, closes at $290m hardcap</a>
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Private equity firm J-STAR has offered an undisclosed amount to buy the tutoring business of Japan’s Alpha Corporation.

Tokyo’s PE J-STAR buys tutoring business Alpha Corporation

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Tokyo’s PE J-STAR buys tutoring business Alpha Corporation

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