TEAM
Yusuke Ichikawa
- Partner
- Japan (Buyout)

- Profile
-
Joined Advantage Partners in March 2003.
He is responsible for investments in Nihonkaisui, Kracie Holdings, Tokyo Star Bank, Visionary Holdings (Megane Super), Net Protections, Oishes, Kuraya, Material Group, Nareru Group, Qit, Neo Corporation and Pipedo HD. He was a board member for Megane Super and was engaged in equity financing, M&A activity, IR and PR activities, and financial strategy. At Oishes and Kuraya, he worked on business strategy and helped combine several brands together. He has been heavily involved with investments in growth equity and is skilled in value adding activities based on his experience in the IT, B2B, and healthcare spaces. He is currently a commentator for the online news website, NewsPicks. Prior to joining the Firm, he worked at the Industrial Bank of Japan (currently Mizuho Bank, Ltd.) where he was engaged in M&A advisory, derivatives, and marketing. He holds a Bachelor of Law degree from Hitotsubashi University.
PORTFOLIO that Yusuke Ichikawa (Partner) was involved in

NIHONKASEI Corporation

NIHONKASEI Corporation
- Name of company
- NIHONKASEI Corporation
- Investment date
- September 2024.
- Type of company
- Private
- Fund
- AP Ⅶ
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Manufacturing
- Status
- Current
Responsible Team

Ecolocity

Ecolocity
- Name of company
- Ecolocity Co., Ltd.
- Investment date
- December 2022
- Type of company
- Private
- Background
- Carve-out
- Fund
- AP Ⅶ
- Product
- Japan Buyout
- Case Types
- Secondary Buyout
- Industry
- Infrastructure / Real Estate / Consumer Services
- Status
- Current
Responsible Team

SPIRAL

SPIRAL
- Name of company
- SPIRAL Inc.
- Investment date
- August 2022
- Type of company
- Listed company
- Background
- Acquired through tender offer bid
- Fund
- AP VI
- Product
- Japan Buyout
- Case Types
- Public to Private
- Industry
- Technology / IT Services
- Status
- Current
Responsible Team

NEO Corporation

NEO Corporation
- Name of company
- NEO Corporation Co., Ltd.
- Investment date
- December 2021
- Type of company
- Private
- Background
- Founder/Owner Succession
- Fund
- AP VI
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Corporate Services
- Status
- Current
Responsible Team

Qit

Qit
- Name of company
- Qit Co.,LTD
- Investment date
- December 2020
- Type of company
- Private
- Background
- Carve-out
- Fund
- AP VI
- Product
- Japan Buyout
- Case Types
- Secondary Buyout
- Industry
- Corporate Services
- Status
- Current
Responsible Team
Related NEWS

Nareru Group

Nareru Group
- Name of company
- Nareru Inc.
- Investment date
- November 2019
- Type of company
- Private
- Background
- Corporate carve-out
- Fund
- AP V
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Corporate Services
- Status
- Current
Responsible Team

Material Group

Material Group
- Name of company
- Material inc.
- Investment date
- February 2019
- Type of company
- Private
- Background
- Founder/owner succession
- Fund
- AP V
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Communication / Media / Entertainment
- Status
- Current
Related NEWS

KURAYA

KURAYA
- Name of company
- KURAYA CO.,LTD.
- Investment date
- August 2018
- Type of company
- Private
- Background
- Founder/owner succession
- Fund
- AP V
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Consumables / Retail / Distribution / Food Services
- Status
- Exited
Responsible Team

OISHES

OISHES
- Name of company
- OISHES Co., Ltd.
- Investment date
- January 2017
- Type of company
- Private
- Background
- Founder/owner succession
- Fund
- AP V
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Food Services
- Status
- Current
Responsible Team

Net Protections

Net Protections
- Name of company
- Net Protections, Inc.
- Investment date
- July 2016
- Type of company
- Private
- Background
- Corporate carve-out
- Fund
- AP V
- Product
- Japan Buyout
- Case Types
- Carve-out
- Industry
- Technology / IT Services
- Status
- Current
Responsible Team
Related NEWS

ICHIBOSHI

ICHIBOSHI
- Name of company
- ICHIBOSHI CO., LTD.
- Investment date
- February 2016
- Type of company
- Private
- Background
- Founder et al. succession
- Fund
- AP IV-S
- Product
- Japan Buyout
- Case Types
- Founder/Owner Succession
- Industry
- Manufacturing
- Status
- Exited
Responsible Team

VISIONARYHOLDINGS

VISIONARYHOLDINGS
- Name of company
- VISIONARYHOLDINGS CO.,LTD.
- Investment date
- January 2012
- Type of company
- Listed company
- Background
- Business turn around with support from financial institutions with existing transactions.
- Fund
- AP IV
- Product
- Japan Buyout
- Case Types
- Turnaround
- Industry
- Consumables / Retail / Distribution
- Status
- Exited
Responsible Team

Tokyo Star Bank

Tokyo Star Bank
- Name of company
- Tokyo Star Bank, Limited
- Investment date
- March 2008
- Type of company
- Listed company(Scheduled to go private through tender offer)
- Background
- Share acquisition through tender offer in line with the sale of stakes owned by the Lone Star group (LSF-TS Holdings SCA) and LSF-Tokyo Star Holdings SCA).
- Fund
- AP IV
- Product
- Japan Buyout
- Case Types
- Public to Private
- Industry
- Finance
- Status
- Exited
Responsible Team

Kracie Holdings

Kracie Holdings
- Name of company
- Kracie Holdings,Ltd. / Kanebo Trinity Holdings Co., Ltd.
- Investment date
- January 2006
- Type of company
- A company that went private
- Background
- A club deal with MKS Partners and Unison Capital in line with the completion of aid from the Industrial Revitalization Corporation.
- Fund
- MBI Ⅲ
- Product
- Japan Buyout
- Case Types
- Carve-out / Turnaround
- Industry
- Manufacturing
- Status
- Exited
Responsible Team

Nihonkaisui

Nihonkaisui
- Name of company
- Nihonkaisui Co.,Ltd.
- Investment date
- November 2003
- Type of company
- Subsidiary of a large company
- Background
- Separation and independent establishment of a subsidiary in a non-core business in line with the reorganization of the parent company(Asahi Kasei Corporation).
- Fund
- MBI Ⅲ
- Product
- Japan Buyout
- Case Types
- Carve-out
- Industry
- Manufacturing
- Status
- Exited