This is to announce that JVCC., Ltd. (“JVCC”), a portfolio company of J-STAR No.3 SS, LP, etc, funds that J-STAR provides investment related services to, has acquired 100% shares of VIS Corporation (Headquarters: Osaka City, Osaka, Company representative: Mr. Yukihiko Matsumoto, “VIS”).
VIS was established in 2008 by Mr. Matsumoto, who was a CEO of Marukan, a pet supply supplier, to operate veterinary services. VIS has 7 clinics in Osaka, Hyogo, Tokyo, and Saitama.
JVCC was established to create a vet clinic group which can be trusted by pet owners while providing veterinarians friendly working environment. With the acquisition of VIS, the group now has 10 clinics and 7 pet salons. JVCC will continue to seek for opportunities to expand and to establish an institutionalized veterinary service provider.
In approaching the acquisition, the following parties were enlisted: Resona Bank, Limited as a financial advisor, Mori Hamada & Matsumoto as a legal advisor and Yamada&Partners Certified Public Tax Accountants’Co. as finance and tax due diligence professional.
*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.