Nippon Mirai Sold Gourmet PIA to Jorudan Co.

Nippon Mirai Capital announced that the mid-sized buyout firm has sold its holdings of Gourmet PIA Network Co., a restaurant-related information provider, to Jorudan Co., Ltd., a transportation-related information provider. Jourdan paid JPY 330 million (USD 4.2 million) to acquire a 100% stake in Gourmet PIA, which had a revenue of approx. USD 6 million with very small pre-tax losses in the past 3 years.  Nippon Mirai invested in Gourmet PIA in June 2005.