J-Star Co said Jan. 9 that it has invested in Sanwa Service Co Ltd. Financial terms weren’t announced. Sanwa Service, of Kiyosu-City, Aichi, operates new and pre-owned car dealers in Aichi Prefecture. J-Star, of Tokyo, is a private equity firm with $300 million of assets under management.
This release is to announce that J-STAR No.3 SS, LP, etc. funds that J-STAR provides investment-related services to, has invested in Sanwa Service Co., Ltd. (the “Sanwa Service ” Headquarters: Kiyosu-City, Aichi, Company Representative: Mr. Morimichi Mizuno URL: http://www.jcar.co.jp ).
Since its inception in 2001, Sanwa Service has operated new and pre-owned car dealers in Aichi Prefecture. The company now operates eight dealers. Sanwa Service has differentiated itself by customizing hot selling models or selling the parts for customization under “LDJ DESIGN” brand. Also, Sanwa developed unique leasing products called “Leasenable” which include inspection fees and auto taxes.
Sanwa Service continues to focus on meeting a variety of customer demand by providing competitive products includes “Leasenable.” J-STAR will support Sanwa Service’s business growth through its business development, include store expansion.
We retained Strike Co., Ltd., Hibiya-Nakata, Attax Consulting Group LIB Consulting Co., Ltd. for the execution of the transaction.
*J-STAR Co., Ltd. provides investment related services to, from directly or indirectly through a wholly-owned subsidiary, J-STAR No.3 SS, LP, etc, providing researches about investment opportunities, as well as other investment related services such as training to portfolio companies.
The announcement of Investment i