• Wed. Sep 28th, 2022

Japanese private equity firm J-STAR invests in motorhome maker Toy Factory

ByRandall B. Phelps

Sep 17, 2022

J-STAR, a mid-sized Japanese private equity firm, announced that it has invested in Toy Factory, a manufacturer and distributor of Japanese-made motorhomes.

The private equity firm did not provide financial details of its investment, but said the transaction was completed through J-STAR No.4-A LP.

Founded in 1995, Toy Factory primarily builds and sells recreational vehicles (RVs) in Japan, including camper vans. It also manufactures and sells special purpose vehicles and vehicles for the disabled as well as automobile interiors and exteriors.

J-STAR said Toy Factory, which dominates Japan’s motorhome market, is building a new factory in Japan to maximize its building capacity. It also plans to open its third specialty store and sell its recreational vehicles overseas.

“We will support the company’s growth so that more and more people can enjoy the company’s recreational vehicles,” J-STAR said.

J-STAR was founded in 2006 by Gregory Rokuro Hara, who previously worked for JAFCO, Japan’s largest private equity firm based in Tokyo.

It invests in small and medium Japanese companies. In particular, it examines succession operations, management buyouts, carve-outs and shareholder exits.

In April, the Japanese private equity firm closed its fifth fund and related vehicles at 75 billion yen (about $574 million) in April, beating a target of 65 billion yen.

The company raised its fourth fund of $371 million in 2019. The third vehicle closed with a corpus of $200 million in 2016, while the second fund and first fund raised $205 million and $113 million, respectively. millions of dollars.

In terms of exits, J-STAR recently sold nursing service provider Platia Co Ltd to NICHIIGAKKAN Healthcare Group. Its other divestments include film coating company Nakai Industrial, home shopping company Itty Inc and energy-saving solutions provider ESCO.

Last month, the private equity firm invested in Score Japan Group, the country’s largest independent freight forwarder. Score Japan Group has 18 domestic operator centers and 17 offshore operator centers in China, Hong Kong and Taiwan, offering express and low-cost door-to-door delivery.