March 06, 2012

Family Mart To Acquire PE-backed Food Service Operator

Family Mart Co., Ltd., a major convenience store operator, announced that Family Mart will acquire Senior Life Create Co., Ltd., an elderly-focused meal service provider. They will purchase a 81.6% share of the firm from a buyout fund and other VCs. The major shareholder Basic Capital Management, a Tokyo-based midsized private equity firm, invested in June 2006. Family Mart will increase its base of service lineups in the nationwide convenience stores with this acquisition.

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