FountainVest, Unison Acquire Jeweler Tasaki for $660 Million
- The two firms emerged as likeliest buyers earlier this year
- MBK Partners took Kobe-based jeweler Tasaki private in 2017
A Tasaki & Co. jewelry store in the Ginza district of Tokyo.
Photographer: Tomohiro Ohsumi/Bloomberg
FountainVest Partners Co. and Unison Capital have acquired Japanese jeweler Tasaki & Co. for about ¥100 billion ($660 million), according to people familiar with the matter.
FountainVest and Unison plan to grow Tasaki and then recover their investment through a listing or sale to another company, the people said, asking not to be identified discussing private information. They didn’t disclose a time frame or other targets for Tasaki, but said it is FountainVest’s first investment in Japan.