NEXT Capital Bought A Cooking School Operator For Turnaround

PE Asia reported that Next Capital Partners has acquired Tokyo-based cooking school operator Sunrich for JPY 500 million (USD 6.3 million).  Sunrich and its subsidiary Homemade Association run 114 cooking schools plus 150 franchise schools in Japan. The acquisition is a distressed investment and makes the first investment from the firm’s second fund. A second investment is expected in September, a NEXT spokeswoman  said.