Japan-based Tokyo Century Corp. is acquiring a 14.9% stake in Advantage Partners (H.K.) Ltd. through the acquisition of its private equity unit Advantage Partners LLP.
Tokyo Century said Oct. 11 that it has entered into a definitive agreement with Advantage Partners to cooperate in areas including co-investment and financing and management support services for portfolio companies. Tokyo Century will appoint one director to Advantage Partners' board and plans to make the company an equity-method affiliate.
The deal, subject to regulatory approvals, is expected to conclude in January 2020.
Advantage Partners (H.K.) engages in investment advisory and the administration and operation of private equity funds in Asia.
