Advantage Partners' AP Fund has agreed to transfer all shares of MP Kitchen Holdings to Kaerikuyas, with the transaction set to close on January 7, 2026.

Target Information

Advantage Partners, through its AP Fund, has reached an agreement to transfer all shares of MP Kitchen Holdings, Inc. (hereinafter referred to as "MP Kitchen Holdings") to Kaerikuyas (TSE Standard 5891, hereinafter referred to as "Kaerikuyas"). The transfer is scheduled to be executed on January 7, 2026.

MP Kitchen Holdings operates several restaurant brands focusing on affordable and popular Japanese cuisine, primarily specializing in dipping noodles (from Mitsuya Seimenjo). Since its investment in June 2016, the AP Fund has implemented initiatives aimed at enhancing corporate value, including the development of new business formats, improving store operations, controlling costs, and reassessing unprofitable locations. These efforts have allowed the company to overcome significant challenges posed by the COVID-19 pandemic, demonstrating resilience and cohesive teamwork.

Industry Overview in Japan

The Japanese restaurant industry is highly competitive, characterized by a diverse range of offerings from fast food to fine dining. In recent years, the sector has faced challenges due to fluctuating consumer preference