Advantage Partners has acquired all shares of Hokuou Group, a leading elder care provider in Hokkaido, Japan, aiming to enhance operational growth and service quality in the burgeoning elderly care industry.

Target Company Overview

Advantage Partners Limited Liability Partnership (hereinafter "AP") through its fund (hereinafter "AP Fund") has completed the acquisition of all shares from five companies collectively referred to as Hokuou Group: Hokuou Service Co., Ltd., Hokuou Care Service Co., Ltd., New Town Co., Ltd., Hot Kitchen Co., Ltd., and Fukujusou Co., Ltd., effective April 30, 2013. Concurrent with the transfer, the founders, Mr. Yuichi Suzuki, who played a pivotal role in establishing Hokuou Group's business foundation, has made a reinvestment into AP36, the parent company of Hokuou Group, making both Mr. Suzuki and AP the shareholders of AP36. Moving forward, Mr. Suzuki and AP will collaborate to enhance the business value of Hokuou Group.

Hokuou Group operates a total of 18 care facilities across the Hokkaido region, providing a comprehensive range of services including nursing homes, group homes, elderly rental housing, home care, day care, and meal services. Since its inception, the company has experienced steady business expansion under the leadership of Mr. Suzuki. Nevertheless, Mr. Suzuki acknowledges that strengthening organizational management and capital is essential for further business development, which led to the realization of this capital and business partnership.

Industry Overview in Japan

Japan's elderly care industry is experiencing significant growth due to the country's aging population. With a rapidly increasing percentage of citizens aged 65 and over, there is a rising demand for various types of elder care services. The Japanese government has been proactive in imp